​​​​​Can Upcoming Q2 Earnings give Apple’s Stock a Much-needed Boost?​​​​​

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​​Upcoming earnings from Apple will need to show that it is overcoming slow iPhone sales, after a tough start to the year for the stock price​

​However, Apple's continued strong profitability, fuelled by growth in its services segment and a higher mix of consumers opting for premium iPhone models like the Pro line, should help offset some of the weaker sales numbers.

​The current median target price is $200, representing an 18% upside from the stock price as of the close on 25 April.​The price has fallen from its record high in early December at $200, reaching a low of $164.08 on 19 April, a drop of 18%. However, the price closed at $164.84 low, the same level as the low hit on 26 October 2023. Since then a small rally has taken place.

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