Skip to main content

Apple set to report earnings amid headwinds in China and a sluggish stock price

·1 min

Apple is set to report its second quarter earnings on Thursday. The company is facing growth challenges due to a sales slowdown in China and a lack of interest in its latest iPhone lineup. Analysts are anticipating low sales figures for the quarter, despite Apple beating expectations in previous quarters. The company recently launched its $3,499 mixed reality Vision Pro headset, but the extended reality market has shown little consumer adoption. Apple may give a general update on how the headset is performing. The company has also experienced a decline in China due to nationalism and increased competition. Its stock price has dropped over 8% this year. Apple may introduce AI-powered tools at its upcoming developers conference.