Apple's Earnings Come With a Low Bar and Big Buyback Hopes

Apple Inc. is set to report its Q2 earnings with modest expectations and hopes for a significant stock buyback announcement. Analysts predict a $90 billion addition to its repurchase program, continuing a trend seen in other tech giants. Despite a projected 5% drop in revenue and weaker performance in China, Apple's substantial buybacks have historically supported its earnings.

The company's stock has declined by 10% this year, underperforming compared to the Nasdaq 100 Index. Analyst sentiment has cooled, with fewer than 60% recommending a buy. However, Apple's potential focus on AI and aggressive shareholder return strategies might rekindle investor interest amidst economic uncertainties.