Tech company expected to report 4% rise in revenue over past quarter despite drop in stock price and looming tariffs
Apple has been under pressure this year. It’s playing catch-up to its fellow tech giants on artificial intelligence, it’s seen its stock fall by double digits since the year began, it closed a store in China for the first time ever this week, and looming US tariffs on Beijing threaten its supply chain. On Thursday, the company will release its third-quarter earnings of the fiscal year as investors scrutinize how the iPhone maker might turn things around.
Despite the gloomy outlook, the company is still worth more than $3tn, and Wall Street appears optimistic it will deliver on earnings. Analysts are expecting Apple to report a 4% rise in revenue over the last quarter to $89.3bn, according to S&P Global.
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