Apple (AAPL) reported fourth-quarter earnings below the analysts expectations. Here are the key points:

Credit Suisse cuts iPhone first quarter 2023 estimate by 7 million to 69 million pieces. Total revenue for the first quarter was estimated 2% lower than the same quarter last year at $121.66 billion

Apple (AAPL) will report third-quarter earnings on October 27, 2022, after the market close, in a market that is full of threats. The analyst’s consensus estimate for the Earnings Per Share is $1.26

Apple reportedly will cut the production of the iPhone 14 Plus just two weeks after the start of production as it wants to evaluate the demand for the iPhone 14 Plus model which is cheaper

The latest Apple (AAPL) stock upgrades and downgrades and the price target for the stock from major brokers

Apple stock was under pressure for the second consecutive trading session as the sell-off in stocks accelerated across the board. S&P 500 is 2.16% lower at 3,639, Nasdaq is 2.84%