What will be Apple's net sales in Greater China in the second quarter of 2024 (third quarter of Apple's fiscal year 2024)?
Closing Jul 01, 2024 07:01AM UTC
Conflicting reports regarding the Chinese government banning officials from using iPhones has raised concerns about Apple's future in the large market as domestic rivals push their own new products (Guardian, MSN, Global Times). The question will be suspended on 1 July 2024 and the outcome determined using "Net sales" for "Greater China" data in its fiscal year third quarter report, expected in early August 2024 (Apple - Investor Relations, see "Financial Data"). Apple's fiscal year ends in late September, so its third quarter reports generally cover the second calendar quarter of the year. In the second quarter of 2023 (third quarter fiscal year), Apple reported "Net sales" for "Greater China" of $15,758 million (Apple - FYQ3 2023 Earnings, see page 13, CNBC).
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| Possible Answer | Crowd Forecast | Change in last 24 hours | Change in last week | Change in last month |
|---|---|---|---|---|
| Less than $12.00 billion | 0.20% | +0.00% | -0.20% | -5.70% |
| Between $12.00 billion and $13.25 billion, inclusive | 18.80% | +0.00% | -0.70% | -13.60% |
| More than $13.25 billion but less than $14.50 billion | 32.20% | +0.00% | +2.50% | +3.60% |
| Between $14.50 billion and $15.75 billion, inclusive | 33.40% | +0.00% | +4.90% | +7.50% |
| More than $15.75 billion but less than $17.00 billion | 10.00% | +0.00% | +2.50% | +5.50% |
| $17.00 billion or more | 5.40% | +0.00% | -9.00% | +2.70% |