News Formal

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

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

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:

 /  🏆 524. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

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 »