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Apple releases their Q1 earnings report: Here’s what to expect

By: NewsUSA

(Matthew Du, NewsUSA Reporter) - Apple will report its first quarter earnings after the bell on Thursday, though analysts expect a down quarter following fears of the iPhone 15’s sales declining in China as well as a 15% decline in iPhone shipments as predicted by IF International Securities.

Though Wall Street is expecting Apple to report earnings per share of $2.11, up from last year’s Q1 $1.88, revenue in the Greater China region is expected to fall from $23.9 billion to $23.5 billion. It will be interesting to see what kind of commentary CEO Tim Cook has to offer around the down forecasts but positive reception of the Apple Vision Pro, whose price tag will likely limit sales amongst most consumers.


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