Similar Stories to 'tough Near-term Setup': Here's What Wall Street Expects From Apple's 2nd-quarter Earnings on Bing News

Apple Vision ProAnadolu/Getty ImagesApple is scheduled to report its fiscal second-quarter earnings on Thursday after the market close.Investors are focused on Apple's iPhone sales in China as competition ramps up.Here's what Wall Street expects from Apple's upcoming earnings report.All eyes are on Apple as it gets ready to report its fiscal second-quarter earnings on Thursday after the market close.Analysts are dialed in on Apple's iPhone business in China, which has faced a surge in competition over the past year, as well as its capital return plans and guidance as it prepares to release its next-generation iPhone later this year.Here are the quarterly figures Wall Street expects, according to data from Bloomberg.Revenue: $90.33 billionEarnings per share: $1.50Gross margin: 46.6%The sentiment on Wall Street is that Apple, which has seen little-to-no revenue growth over the past year, is due for a big iPhone replacement cycle when it launches its next-generation iPhone 16 later this year.

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Similar Stories to 'tough Near-term Setup': Here's What Wall Street Expects From Apple's 2nd-quarter Earnings on Bing News

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