This has been a rough year so far for Apple investors, with the stock down about 11%. For the March quarter, analysts tracked by FactSet expect Apple to post revenue of $90.5 billion, down 4.5% from the year-ago quarter. Analysts expect $1.51 in earnings per share, down a penny from a year earlier.
Futures rose after the stock market erased big Fed-led gains as AI plays such as Nvidia retreated. Carvana soared on earnings.
Falling Tesla stock gets most of the attention. But Apple's decline this year is a much bigger deal for a majority of investors.