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Apple is likely to report a dip in iPhone sales in the April-June quarter as shoppers held out for a new model in a slow economy, making it important for the company to detail how it is using artificial intelligence to augment growth, analysts said. IPhone sales likely fell more than 2% in the period, according to 24 analysts polled by Visible Alpha, compared with a near 3% increase a year earlier and a 1.5% rise in the quarter ended March. The quarterly report could mark a break from an upbeat earnings season for the likes of Meta Platforms, Alphabet and Microsoft that have shown resilience in their cloud businesses and an uptick in digital ad sales...

For the fiscal third quarter, analysts expect Apple to report sales of $81.9 billion, down about 1% from the year-earlier quarter...

Scheduled to report fiscal third-quarter results on Thursday, investors will be watching to see if Apple (NASDAQ: AAPL) inches closer to a return to revenue growth. More importantly, investors will likely look to Apple's quarterly results to see if any trends or commentary from management point to a possible return to top-line growth later this year. Returning to growth during such a tough macroeconomic environment would make a great case for the resilience of Apple's business...