Apple 'At Some Risk' Of First Revenue Drop In A Decade, Says Analyst: 'iPhone Unit Shipments Are Simply Too Soft'
- last month
Apple could report a fall in revenue and earnings per share (EPS) in the March 2024 quarter due to declining iPhone sales in China. This would be Apple's first revenue decline in a decade.
What Happened: An analyst at Loop Capital, Ananda Baruah, has revised his estimates for Apple’s earnings, foreseeing a potential drop in the company’s overall revenue and EPS for the first time since 2016, reported Barron's.
What Happened: An analyst at Loop Capital, Ananda Baruah, has revised his estimates for Apple’s earnings, foreseeing a potential drop in the company’s overall revenue and EPS for the first time since 2016, reported Barron's.