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Apple's China sales in focus ahead of earnings [MSNBC.com]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
AppleInvestor expectations are low and Apple could surpass them even if sales growth is weak. In February, Apple said it expected sales similar to last year's $94.84 billion during the same period and flat iPhone sales.Here's what analysts expect from Apple, according to LSEG consensus estimates:Here's how Apple's business units are expected to fare in the March quarter, per LSEG estimates:Analysts expect Apple to give a forecast for the current quarter of about $83.23 billion in sales, which would be 1.8% annual growth. Apple shares are down about 10% this year, underperforming its peers and the broader market. Some worry that the 2023 iPhone 15 may be seeing weak demand.But the biggest theme that investors will be watching for is the overall trend in Apple's third-largest market: China. In the December quarter, sales dropped 13% in Greater China, which includes Hong Kong and Taiwan. Analysts polled by FactSet expect $15.25 billion in China regional sales, which would be a 14% year-o
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