Apple reports fiscal first-quarter earnings on Thursday.
Investors will be watching iPhone sales in China and commentary around the launch of the Vision Pro.
The company's stock is down 3.8% in 2023, trailing the market.
Apple will report first-quarter earnings on Thursday after the closing bell.
iPhone sales in China, growth of the company's high-margin Services business, and commentary around this week's launch of the Vision Pro will be top of mind for Wall Street analysts during Apple's earnings conference call.
Apple's stock was down 3.8% year-to-date through Wednesday's close, lagging the benchmark S&P 500, which is up 1.8%.
Apple's consensus first-quarter revenue estimate is $117.97
1st quarter
Revenue estimate: $117.97 billion
Products revenue estimate: $95.14 billion
iPhone revenue estimate: $68.55 billion
Mac revenue estimate: $7.9 billion
iPad revenue estimate: $7.06 billion
Wearables, home and accessories estimate: $12.02 billion
Service revenue estimate: $23.37 billion
Greater China rev. estimate: $23.5 billion
EPS estimate: $2.11
Operating cash flow estimate: $34.58 billion
Total operating expenses estimate: $14.62 billion
Gross margin estimate: $53.56 billion
Cash and cash equivalents estimate: $38.81 billion
Cost of sales estimate: $65.01 billion
Total current assets estimate: $157.25 billion
Total current liabilities estimate: $142.36 billion