prepared investors for a down quarter in January. The company hasn't provided formal guidance since 2020, but it gives analysts and investors a number of data points that can be used to roughly estimate its performance.
The information it provided earlier this year suggested that sales would drop for a second straight quarter by roughly 5%. Sales of iPads and Macs are expected to see sharp decreases — 12% and 25.4%, respectively — and iPhone sales also likely dropped.The tech giant's report comes as the PC and smartphone markets are mired in one of the worst slumps in recent years.
In the first quarter, PC shipments decreased almost 30%, according to IDC, while smartphone shipments were off 14%.
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