$Apple(AAPL)$
The brokerage updated its estimates for Apple’s EPS from $6.86 to $6.61 and its revenue estimates from $412.8B to $405.2B. The earnings report is expected to be published later this week.
Martin Yang, a senior analyst at Oppenheimer, said in a CNBC interview that consumer sentiment is not improving in major markets, including China.
Yang also said that he sees worsening foreign exchange market headwinds into the fourth quarter due to geopolitical events.
In the next 12 months, he said, iPhone, Mac, and iPad shipments are going to be weaker than previously expected.
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