Apple's Quarterly Sales Decline Continues, Analysts Focus on Guidance and iPhone Demand

Apple is expected to report its fourth consecutive quarterly sales decline, with Wall Street estimating $89.28 billion in sales, a 1% fall from the same quarter last year. Analysts are concerned about Apple's lack of growth and will be closely watching for any signs of revenue increase, particularly during the holiday shopping season. There are concerns about iPhone 15 sales in China due to competition from Huawei, and some analysts believe this could be a temporary headwind. Additionally, supply constraints and cautious consumer spending may impact Apple's performance in the December quarter. The Mac business is expected to see a decline, while the services business is anticipated to offset weak hardware revenue with an 11% year-over-year increase.