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What to Expect From Apple’s Q3 Earnings?


Deutsche Bank analysts shared their outlook on Apple Inc’s (NASDAQ:AAPL) upcoming Q3 earnings results, expecting the company to report better than peers in a challenging environment. The analysts anticipate Q3 results to be largely in line with Street estimates showing low-single-digit growth year-over-year despite macro uncertainties continuing to challenge consumer spending.
The analysts believe the company has managed its supply chain better than it planned a quarter ago, while it continued to gain share in an otherwise difficult quarter for smartphones and PCs. Looking forward, the analysts expect the company’s outlook to lean more cautious to reflect the current environment, which could lead to the guidance below current Street estimates. The analysts believe slower growth is already expected by the market, noting that Bloomberg recently reported that Apple is planning to slow hiring and spending growth to cope with a potential economic downturn.
On the positive side, the company’s strong cash balance should allow it to remain aggressive in share repurchases.










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