Piper Sandler reduces Apple’s Q1 2024 earnings estimates, citing weak demand in China

Investment firm Piper Sandler suggests weak iPhone demand in China and economic headwinds will make Apple's December quarter weaker than expected.Apple has seen weaker quarters in the past year due to lower-than-expected iPhone sales. Despite that, services and other segments have helped keep the company steady, with Q3 earnings reaching $81.8 billion.

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