Despite its well-publicized moves to cut its dependence on China as its main supplier, Apple has also been increasing the number of firms it works with for production with in the region.

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,

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.

But the biggest question that investors will be watching for is what the overall trend is in Apple's third-largest market: China. Apple reports earnings for the second fiscal quarter on Thursday after the markets close.

But the biggest question that investors will be watching for is what the overall trend is in Apple's third-largest market: China. Apple reports earnings for its second fiscal quarter on Thursday after the markets close.