Overview

• Apple is projected to report its largest quarterly revenue increase in two years, largely due to strong iPhone sales in China.
• The iPhone 16 series, launched just before the fiscal quarter's end, is expected to boost sales, with China showing a 20% increase in early demand compared to previous models.
• Analysts predict overall revenue growth of 5.7% for the quarter, with Greater China contributing a 6.6% rise in sales.
• Apple Intelligence, the company's new AI feature, has a staggered rollout, raising concerns about its ability to drive an anticipated sales 'super-cycle.'
• Despite strong iPhone sales, Apple faces challenges, including antitrust scrutiny in the EU and the U.S., and a $10 billion tax charge following a European court ruling.