Apple to report Q2 earnings amid iPhone slowdown, China troubles

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 53 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 63%

Apple News

Revenue Decline,China,Earnings Per Share

Apple will report its Q2 earnings after the bell on Thursday, as Wall Street braces for a slowdown in iPhone sales.

) will report its second quarter earnings after the bell on Thursday, as Wall Street braces for what has the potential to be a sizable drop in iPhone sales out of China., iPhone sales fell 19% in the quarter, while rival Huawei continued to regain its footing after the U.S. attempted to kneecap the company by keeping it from accessing US chips in 2019.

For the quarter, Apple is expected to report earnings per share of $1.50 on revenue of $90.3 billion, according to analyst estimates compiled by Bloomberg. That would equate to a 4.75% year-over-year revenue decline. Apple CEO Tim Cook will update Wall Street about the state of the company during its Q2 earnings call after the bell Thursday. But there are some potential bright spots for Apple in the quarter. Services revenue is expected to grow 11% year-over-year to $23.28 billion. Analysts also anticipate gross margin will improve 5% year-over-year to 46.59%.

Long-term investing in resilient dividend stocks can help you convert $95,000 into $1 million. Here's how. The post How Long Would it Take to Turn $95,000 Into $1 Million With TSX Dividend Stocks? appeared first on The Motley Fool Canada.TC Energy is a blue-chip dividend stock that is positioned to grow its payouts in the near term. But is TRP stock a good buy? The post A Dividend Giant I’d Buy Over TC Energy Stock appeared first on The Motley Fool Canada.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchangedMarkets in Asia apart from Shanghai's were broadly higher Monday, shrugging off the blues on Wall Street after big technology stocks logged their worst week ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »