Apple Inc (NASDAQ:AAPL) is expected to report a drop in profits and lower revenue when it posts its latest quarterly earnings after the market close on Thursday, May 4, as consumers continue to curb their spending on non-essentials like phones, tablets, and computers amid high inflation.  For the second quarter of fiscal 2023, the company is expected to report earnings per share of $1.44, down about 6% from $1.52 in the year-ago quarter.
Apple expected to report another drop in profit for 2Q: earnings preview