Apple has planned a digital launch event for May 7.
Investors are closely watching to see if the upcoming product launches will provide the momentum needed for Apple's stock to rebound.
On Wednesday, Meta Platforms Inc (NASDAQ: META) topped Wall Street estimates with its first quarter results. But, stock plunged 16% due to a light revenue guidance that overshadowed the fact its revenue grew at a fastest quarterly rate since 2021 and net income more than doubled.