– Apple reports second-quarter earnings on Thursday
– Investors are focusing on updates on Chinese iPhone demand
– Apple’s stock is down 12% in 2024, trailing the S&P 500
Apple will be reporting its second-quarter earnings on Thursday, with investors keen to see updates on Chinese iPhone demand. The company’s stock has taken a hit in 2024, down 12% so far, which is behind the S&P 500. Analysts will be focusing on Apple’s iPhone business in China, which has seen increased competition, as well as its capital return plans and guidance ahead of the release of its next-generation iPhone later this year. Despite the challenges, Apple remains a key player in the tech industry with many eyes on its performance in the coming months.