Apple is expected to report its biggest quarterly revenue jump in two years, with iPhone demand faring better than recent years toward the end of the company’s annual release cycle
Apple’s likely foldable iPhone could mark the biggest hardware design revamp for the company’s most popular product.
The Finnish telecoms group said sales should recover towards the end of 2024 with the help of orders from North America.
Apple’s plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday.
Apple’s smartphone shipments dropped about 10% in the first quarter of 2024.
Qualcomm forecast fiscal second-quarter profit slightly above Wall Street estimates and sales in line with market expectations.
Apple fell nearly 3% to a seven-week low after Barclays downgraded the shares on concerns demand for its devices will remain weak in 2024.