Posted 11/1/2023, 10:49:00 AM
Apple Earnings Preview: iPhone Sales Face Headwinds in China Amid Slowing Growth and Huawei Competition
- Apple to report holiday quarter earnings amid slow iPhone 15 sales in China
- Huawei's Mate 60 Pro seeing strong early sales, taking market share from Apple
- China economic recovery signs positive for Apple, but competition from Huawei a concern
- iPhone sales growth estimate muted at 6% for holiday quarter due to lack of new features
- Overall revenue expected to drop 1% on continuing weakness in iPads and Macs