Analysts from Wells Fargo, Barclays, Goldman Sachs, and JPMorgan have shared their views on Apple's upcoming earnings report. Wells Fargo expects a 2% decline in iPhone business this year, while Barclays believes better iPad and Mac sales will offset iPhone weakness. Goldman Sachs expects an in-line quarter and views any weakness as an attractive entry point for investors. JPMorgan warns of "cyclical headwinds" but sees potential for "AI tailwinds" with the launch of the iPhone 16.
Key takeaways:
- Apple is set to report its fiscal second-quarter earnings, with Wall Street focusing on iPhone sales in China and the company's capital return plans.
- Analysts predict a revenue of $90.33 billion, earnings per share of $1.50, and a gross margin of 46.6%.
- Wells Fargo, Barclays, Goldman Sachs, and JPMorgan have shared their expectations and ratings for Apple, with concerns about weak iPhone sales in China but potential growth from AI capabilities in future iPhone models.
- Despite the concerns, there is a general sentiment that any weakness in Apple stock following the earnings report could present an attractive entry point for investors.