CFOTO/Future Publishing/Getty ImagesApple reports second-quarter earnings on Thursday.Investors will be looking for updates on Chinese iPhone demand.The company's stock is down 12% in 2024 so far, trailing the S&P 500.
Analysts had expected first-quarter adjusted earnings of $6.46bn, against $9.65bn a year earlier ... registered a more than threefold rise in adjusted earnings from the previous quarter to $2.8bn.
And as a point of comparison, Apple during the year-ago quarter posted revenue of $94.8 billion and earnings of $1.52 per share ... What's notable about this earnings report is that it's the first to encompass revenue from Apple'sVision Pro.
But the result was 6% higher than earnings in the previous quarter and well ahead of analyst estimates of $6.3bn ...Apple will announce its second quarter earnings after the US market closes later this Thursday.