Piper Sandler reduces Apple’s Q1 2024 earnings estimates, citing weak demand in China

CAT October 26, 2023 1 min read

Investment firm Piper Sandler suggests weak iPhone demand in China and economic headwinds will make Apple’s December quarter weaker than expected.

iPhone 15 Pro Max

Apple has seen weaker quarters in the past year due to lower-than-expected iPhone sales. Despite that, services and other segments have helped keep the company steady, with Q3 earnings reaching $81.8 billion.

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