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Apple Q3 Earnings Preview: a Closer Look at Earnings Forecasts and China Market Strategy

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Discover what to expect from Apple’s Q3 earnings report on 2 August, with a focus on financial forecasts, share repurchases, and the tech giant's strategy as it navigates challenges in China.

Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.01% 🇪🇺EUR: -0....Last quarter , Apple reported a revenue beat of $90.75 billion vs. $90.01 expected and an EPS beat of $1.53 vs. $1.50 estimated. The company announced that the board had authorised $110 billion in share repurchases, a 22% increase over the previous year's $90 billion.

Aware that if Apple's share price were to see a sustained break below $200/$190, it would negate the bullish outlook and warn that a deeper pullback is underway,Apple is scheduled to report its third quarter earnings on Thursday, August 1, 2024. We favour buying dips in Apple's share price towards support at $210/200, looking for a move towards $250/$270 in due course.

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