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Apple Q2 earnings preview: Looking for GenAI [Seeking Alpha]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Analysts expect earnings per share of $1.51 on revenues of $90.61 billion, which would mark a decline of 4.5% year-over-year, its largest decline since the first-quarter of Shares of the iPhone-maker have underperformed the broader S&P 500 Index so far this year, slumping over 11%. Apple ( AAPL ) has been the second-weakest performer within the "Magnificent 7" group of technology and growth stocks, trailing behind only Tesla ( TSLA Investors will be focusing on the company's strategy to bring generative AI to its iPhones and boost falling sales in the Chinese market. The Cupertino giant slipped to the third spot in China's smartphone market in the first quarter, losing ground to local rivals Honor and Huawei Technologies. Apple ( AAPL ) also lost the top spot to Samsung ( OTCPK:SSNLF ) in the global smartphone market. Earlier in the year, Microsoft ( MSFT overtook Apple ( AAPL ) as the world's most valuable publicly traded company. While Microsoft ( MSFT ), Alphabet ( GOO
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- Nasdaq composite today: Tech-heavy Nasdaq closed up 11.61% YTD [USA TODAY][USA TODAY]
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