Analysts haven't missed Apple's lack of growth this year and want to see the company thriving again.

Apple expected to post fourth consecutive quarterly sales decline Thursday::Analysts haven’t missed Apple’s lack of growth this year and want to see the company thriving again.

  • Earthwormjim91@lemmy.worldEnglish
    131·
    1 year ago

    The September quarter isn’t Apple’s biggest or slowest quarter of the year and only includes about a week or so of iPhone 15 sales. The December quarter is Apple’s biggest of the year by revenue — right now, analysts expect $122.97 billion in sales, or 5% growth, even versus a quarter last year that included an extra week because of fiscal calendars.

    So this article is a complete nothing burger. They’re expecting a 1% decline this quarter compared to the same quarter last year, while expecting the next quarter to show 5% growth over last year.

    Which is unsurprising. Last year the iPhone 14 released on September 16, while this year the 15 lineup wasn’t released until September 22nd.