this post was submitted on 02 Nov 2023
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162
Apple expected to post fourth consecutive quarterly sales decline Thursday (www.cnbc.com)
submitted 1 year ago by [email protected] to c/[email protected]
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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.

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[–] [email protected] 12 points 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.