Apple shares fell nearly 2% in Thursday's regular-session trading ahead of its scheduled earnings report. Analysts expect June-quarter revenue to increase 15.5% to approximately $108.65 billion, potentially representing Apple's strongest growth for that quarter in five years, with estimated iPhone sales growth of 20.8% providing the largest contribution. Profit is expected to rise 18.1%, though gross margin is forecast to decline to approximately 47.9% amid higher component expenses. Separately, Apple introduced Apple Upgrade, a U.S. leasing program administered by Klarna, offering one- or two-year leases for iPhones and Apple Watches and longer terms for Macs and iPads, with monthly payments starting at $17.99 for an iPhone and $11.99 for an Apple Watch.
Apple Inc.Stock fell nearly 2% ahead of earnings; expected gross margin decline to 47.9% due to higher component expenses.
Klarna Group plcKlarna administers Apple's new U.S. leasing program, likely increasing demand for its services.