Reported 3 months ago
Apple is expected to report a return to revenue growth in its fiscal third quarter, driven by significant discounts on iPhones that helped revive demand in China, alongside increased sales of high-margin iPads. Despite a slight decline in iPhone sales, analysts are optimistic about a strong upgrade cycle for the upcoming iPhone 16 series. The company's services sector continues to grow, although it faces regulatory challenges in the European Union. Overall, Apple's revenue is projected to rise by 3.3% year-over-year as it works to regain market leadership.
Source: YAHOO