Apple's China sales in focus ahead of earnings
Publishing timestamp: 2024-05-02 12:56:08
Summary
Analysts expect Apple to give a slow forecast for the current quarter, with concerns about weak demand for the iPhone 15 and declining sales in China. However, some analysts believe that the current weakness in China is more cyclical than structural. Third-party data shows Huawei surging in China while Apple declines, but there are signs of potential improvement in iPhone demand. Expectations for the quarter are muted, but there is a chance for a relief rally if Apple's earnings report and guidance are better than feared. Apple is also expected to update its capital return plans during the earnings call.
Sentiment: MIXED
Keywords: iphone, apple inc, breaking news: technology, business, morgan stanley, technology, business news, china, earnings, entertainment,
Source: https://www.cnbc.com/2024/05/02/apple-aapl-earnings-report-q2-2024.html