Wall Street Braces For Brutal Apple Earnings, But Top Analyst Gives 6 Reasons To Stay Bullish On iPhone Maker - Apple (NASDAQ:AAPL)
Apple may not see a growth inflection until the end of the June quarter, says an analyst.
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Apple may not see a growth inflection until the end of the June quarter, says an analyst.
Apple is expected to report $90.83 billion in revenue on May 2 after the market closes. AI advancements are among the catalysts to watch.
Looming challenges for Apple in China as iPhone shipments plummet by -33% y/y and -56% m/m. JPMorgan analyst offers tempered perspective on market trends and potential recovery.
Despite Apple's cautious guidance, an analyst remains optimistic about the iPhone's prospects, believing it will outperform bearish expectations.
Apple analyst says the tech giant's hardware revenue could remain pressured in the holiday quarter and the stock's valuation appears expensive.