Analysts expect Apple to give a slow forecast for the current quarter, and its shares are down about 10% so far this year, underperforming its peers and the broader market. But the biggest question that investors will be watching for is what the overall trend is in Apple's third-largest market: China.

Even though Apple has silenced critics and beaten existential crises before, some fans of its minimalist products and investors in its maximalist stock are nervous.

Apple's stock has suffered through its biggest percentage decline, over the first four months of a year, in more than a decade. In terms of monthly losing streaks, it's the worst start in 28 years. The stock has logged a four-month losing streak to start 2024,