Why One Analyst Is Concerned the Day Before Apple's Earnings Report

1. Apple stock surged 40% over nine months, facing analyst downgrades. 2. Oppenheimer cut iPhone sales estimate, citing China competition and rollout issues. 3. China shipments expected to decline 17% in 2024 due to regulatory challenges. 4. Consensus price target suggests a marginal premium over current price. 5. Apple to report fiscal Q1 earnings, with minor expected growth in Asia.