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Apple Set to Reveal Q3 Earnings So Far

Apple is getting ready to release their earnings for Q3 so far this year and many are wondering what the results will show.

Due to a possible impending recession on the horizon, Bloomberg predictions seem to indicate that Apple’s revenue will slide in the year-over-year metric.

They’ve reported a bevy of bold predictions, starting with an optimistic one: an $81.4 billion to $82.7 billion overall revenue bump. This optimism comes from two specific sources—Apple services and the Mac. They predict services revenue to jump from $17.4 billion to $19.7 billion, and Mac revenue to hop from $8.2 billion to $8.4 billion.

However, that’s where the positive projections end. Most of Apple’s other products, according to Bloomberg, will actually experience a revenue dip. They project the iPhone to drop from $39.5 billion to $38.9 billion, the iPad to slide from $7.3 billion to $6.9 billion, and earnings per share to drop from $1.30 to $1.16.

Overall, this is a somewhat neutral perspective when taking into consideration how shaky other tech companies have been performing as of late. However, many financial experts are likely not even paying attention to these Bloomberg projections, set in the belief that the numbers will be more akin to that of their struggling peers.

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