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Here's what analysts at major Wall Street firms expect from Apple's upcoming earnings report

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Wall Street analysts stayed cautious on Apple ahead of its September quarterly earnings announcement, citing weakening demand.

Analysts on Wall Street are cautious on Apple ahead of the tech giant's its fiscal fourth-quarter report Thursday amid signs of softening demand. The tech giant's quarterly results come on the heels of several product launches. Apple released its long-awaited iPhone 15 product line with USB-C charging in September, as well as a new Apple Watch and updated AirPods.

mountain Apple stock in 2023 The company will post its September quarter results Thursday after the bell. Analysts are estimating earnings of $1.39 per share on revenue of $89.28 billion, according to LSEG. According to StreetAccount, Apple has beaten consensus earnings in 17 of the last 20 quarters. Take a look at what analysts are forecasting ahead of the company's announcement: Deutsche Bank trims price target Deutsche Bank reduced its price target on shares to $200 from $210.

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