Analysts haven’t missed Apple’s lack of growth this year and want to see the company thriving again.
Apple is expected to post its fourth consecutive quarterly revenue decline when it reports earnings after the bell Thursday.is expected to post its fourth consecutive quarterly revenue decline when it reports earnings after the bell Thursday. Wall Street expects $89.28 billion in sales, which would mark about a 1% fall from the same quarter last year.
Apple's fiscal fourth quarter period typically includes a little bit of back-to-school laptop and tablet spending benefitting its Mac and iPad divisions. But Apple warned in August that it expected Mac and iPad revenue to decline by"double digit" percentages, blaming difficult comparisons to a good quarter in 2022 when sales popped after prior supply issues.
There's some disagreement among analysts whether the Huawei competition is a temporary or permanent factor for Apple.
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