Apple Q1 Earnings: Wall Street Scrutinizes Amidst iPhone Sales Concerns and AI Rollout

Analysts' Outlook

JPMorgan:

* Expects iPhone market share loss in China.
* Strong US dollar creates pricing headwinds.
* Sees upside in Apple's AI features and pent-up iPhone replacement cycle.
* Rates Apple "Overweight" with a revised price target of $260.

Goldman Sachs:

* Anticipates iPhone revenue growth despite shipment decline.
* Focuses on future iPhones and AI feature expansion.
* Expects growth in Apple's services business with app store spending.
* Rates Apple "Buy" with a price target of $280.

Wedbush:

* Downplays concerns about China iPhone sales.
* Highlights strong services performance.
* Believes AI features are undervalued by investors.
* Rates Apple "Outperform" with a price target of $325.

Barclays:

* Expects offsetting strength in services and Mac products.
* Flags concerns over delayed iPhone SE4 launch.
* Rates Apple "Underweight" with a price target of $183.

Bloomberg Intelligence:

* Weak iPhone sales in China to be mitigated by services growth.
* Anticipates strong consumer spending in Europe and Americas.
* Expects a strong stock buyback program.

Key Catalysts

* iPhone sales in China
* Strong US dollar
* AI feature rollout
* Services revenue growth
* iPhone SE4 volume launch
* Economic conditions in China