Apple Inc. projected a jump in sales over the holiday season after releasing new iPhones and worked to reassure investors concerned about a decline in revenue from China.

Apple just posted excellent quarterly results, which boosted the stock. Yet, its performance in China is poor for two main reasons.

Apple saw revenue fall in the China market relative to the year before, and it missed expectations by a decent amount as well. The company generated $14.5 billion in Greater China revenue during the September quarter,

Apple Inc. blamed a surprise decline in China revenue on supply disruptions, predicting it will return to growth in the world’s biggest smartphone arena as the iPhone 17 gains momentum.

Apple stock is facing its next big test as the iPhone maker gears up to report earnings. The company just topped a $4 trillion valuation this week.

For the quarter, Apple is expected to report earnings per share of $1.77 on revenue of $102.1 billion, according to Bloomberg consensus estimates. That's up from the $1.64 and $94.9 billion the company saw last year.

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Wang Qiongfei, the lawyer who led China’s first private antitrust case against Apple, spearheading a new public complaint to the SAMR, China’s top antitrust agency.

Apple reported a surprise revenue drop in its crucial China market, blaming supply disruptions for the new iPhone. In the wake of a landmark trade truce with the US, Chinese leader Xi Jinping issued a powerful call to protect those very supply chains.