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Apple's China momentum in focus ahead of earnings after the bell

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Apple has set investor expectations low and could surpass them even if sales growth is weak.

Analysts expect Apple to give a slow forecast for the current quarter, and its shares are down about 10% so far this year, underperforming its peers and the broader market.

"AAPL has de-rated significantly amid a weak iPhone 15 cycle and fears that Apple's China business is structurally impaired," Bernstein analyst Toni Sacconaghi wrote in a note last week. He has an outperform rating on the stock. Wells Fargo analyst Aaron Rakers said in a March note that iPhone sales could be down 20% on an annual basis during the quarter.

 

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Apple's China momentum in focus ahead of earnings after the bellApple has set investor expectations low and could surpass them even if sales growth is weak.
Source: nbcchicago - 🏆 545. / 51 Read more »