Cowen forecasts ‘soft’ iPhone impacting Apple’s Q1 2023 financials

Apple’s holiday quarter results will be lower than 2021, according to Cowen, with “softness” expected due to iPhone shipments impacted by Chinese lockdowns.

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For the December 2022 quarter, analysts at Cowen model Apple as being down 4% year-on-year, with total revenue at $118.8 billion. The earnings per share for the quarter is expected to rest at $1.90.

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