Apple likely to meet Q3 results, but all eyes on demand as iPhone 14 gets set to launch
Remains

Apple (NASDAQ:AAPL) is likely to meet fiscal third-quarter results when it reports on July 28, but all eyes will be on demand, especially with the iPhone 14 getting ready to launch in the fall, Wedbush Securities said on Tuesday.
Analyst Dan Ives, who has an outperform rating on Apple (AAPL) shares, said that demand for the iPhone is "holding up slightly better than expected," but there is still going to be some weakness, though Wall Street is expecting that. 
Ives also noted that Apple (AAPL) likely gained roughly 3% of the smartphone market in China over the past 12 months, thanks to the iPhone 12 and iPhone 13 product cycles.
A consensus of analysts expects the Cupertino, California-based Apple (AAPL) to earn $1.15 per share on $82.77B in revenue for the period.
"Apple is continuing to focus on a robust product pipeline and services ramp into 2023 including what we believe will be the highly anticipated AR/VR headset release," Ives wrote in a note to clients.
Apple (AAPL) shares rose nearly 1.5% to $149.18 in early trading.
Separately on Tuesday, TF International Securities analyst Ming-Chi Kuo tweeted that some iPhone 14 suppliers are having issues, but it will have just a "limited impact" on mass production of the next iPhone, as "other suppliers can fill the supply gap."
On Monday, it was reported that Apple (AAPL) is set to slow down hiring in parts of the company as the economy looks to soften heading into the rest of the year and 2023.