Wall Street predicts that Apple's total revenue will decline for the first time since 2019 in the first quarter of fiscal 2023.

CTOnews.com, January 31 (CTOnews.com)-- Apple will report its fiscal 2023 first quarter (the fourth quarter of 2022) on Thursday. Before the results were released, a number of Wall Street agencies had predicted that Apple's revenue for the quarter would decline for the first time since 2019, but the decline was not significant.

David Vogt, an analyst at UBS, wrote in January: "We believe that supply disruptions had a significant impact on Apple's iPhone sales in November last year, and the waiting time was significantly lengthened. In the US market, the delivery date of the iPhone 14 Pro and iPhone 14 Pro Max models has been extended to 34 days."

CTOnews.com attached Refinitiv's expectations for Apple's business in Q1 of fiscal 2023 (Q4 of 2022):

Total revenue: $121.19 billion

Earnings per share: $1.94 per share

IPhone business revenue: $68.29 billion

Mac business revenue: $9.63 billion

IPad business revenue: $7.76 billion

Revenue from other products: $15.26 billion

Service revenue: $20.67 billion

Rufus, formerly known as Thomson Reuters Finance and risk, plays an important role in global financial market data and infrastructure. After the spin-off of the new company, Blackstone has a 55% stake as a major shareholder, while Thomson Reuters has a 45% stake. The London Stock Exchange then bought out its stake for $27 billion to become its full holding company. The company has a total turnover of $6 billion and employs more than 40000 people in 190 countries.

Marketwatch, another market analyst, believes that Apple's Mac business had revenue of $11.5 billion in the quarter, $2 billion higher than expected in the September quarter, and made up for the lack of iPhone sales.