Apple to report Q2 earnings amid iPhone slowdown, China troubles

Apple is set to release its Q2 earnings amid a significant decline in iPhone sales, particularly in China, with a 19% drop this quarter. Analysts expect a 28% year-over-year revenue drop from Greater China, impacting overall performance with shares slightly down year to date.

Despite challenges, Apple anticipates a growth in services revenue by 11% and an improved gross margin. The company is also preparing for its WWDC event in June, focusing on integrating generative AI into its products, despite being behind in AI advancements compared to competitors.