What to expect from Apple's Q2 2024 earnings on May 2

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Massiveattack87

Apple remains a cash machine. However, I would not be surprised if their stock tanks after their earnings. 

I would not be surprised if their revenue declined or was flat at best. 

iPad revenue is going to hurt as their new launch has postponed from March to "early May". 
As their suppliers posted weak performance, Apple will have a weak performance as well. 

There are still a lot of uncertainties incl. the DOJ lawsuit, their service business in the EU, AI topics etc. 
Analysts will try to dig into those uncertainties to get more pictures, but Apple does not give any comments or guidances. 

My short position remains. 

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