$Apple(AAPL)$ Keep in mind, this earnings report will be for the 3-months ended Sept 30. This includes only 10 days post iphone 16 release, and doesn't include Apple AI yet. Many are on the sidelines about upgrading and in no rush until Apple AI is released. The remainder of the sales from the 3-month period will likely be dismal. No one would be purchasing an iphone 15 leading up to the 16 release. Wearables, Mac, and Ipad continue to trend down and with older Ipad supporting Apple AI there isn't a reason to upgrade.
Will they meet or slightly beat last year's sales, likely. But no 'megacycle' and growth is still stagnant.
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