Morgan Stanley expects Apple's Q2 revenue to meet expectations, but will decline year-on-year and month-on-month

April 25 news, Apple has announced that it will be released on May 4 local time to the end of March fiscal year 2023 fiscal second quarter earnings, earnings analyst conference call will be May 4 at 2:00 p.m. Pacific daylight time, that is, May 5 morning Beijing time start.

Morgan stanley had forecast earnings of $1.41 per share on revenue of $91.9 billion for apple's quarter.

In its latest report to investors, Morgan Stanley expects Apple's second-quarter results to meet their expectations, according to foreign media reports.

However, according to Morgan Stanley's expectations, they expect Apple's revenue for the fiscal quarter to decline year-on-year. Apple had revenue of $117.154 billion in the last quarter, compared with $97.278 billion in the same period last fiscal year.

In addition to predicting a year-on-year decline in revenue in the second quarter, Morgan Stanley also expects Apple's revenue in the third quarter to continue to decline year-on-year. They have lowered Apple's revenue forecast for the third quarter to $80.3 billion, down from $82.959 billion in the same period last year.