From Nasdaq:

Apple shares have traded flat over the last six months despite strong end to 2023. Investors anticipate strong growth from iPhone 15 sales and the Services segment. Revenue for the three months ending December expected at $118.26 billion, with projected 1.3% decline in annual earnings and 5% decline in annual revenue.

Apple is expected to maintain positive momentum with strong execution and strategic capital allocation. The company’s revenue is expected to continue to generate high double-digit growth.

Thursday investors await Apple’s first quarter fiscal 2024 earnings to see if they can improve on iPhone-related revenue, and whether inflation impacted the company’s guidance for the holiday quarter.

With prospects for revenue growth, iPhone 15 sales, and strong momentum in the services sector, there are ample reasons to remain optimistic about Apple shares.



Read more: Apple (AAPL) Q1 2024 Earnings: What to Expect