Apple is expected to maintain flat-ish overall revenues, with iPhone sales likely flat year-over-year. Despite these challenges, particularly in the Chinese market where Huawei's competition has been a significant headwind, there is optimism about Apple's future. The anticipated introduction of an AI-driven iPhone 16 model is expected to stimulate a pent-up demand cycle and potentially enable Apple to return to growth in China in FY25. The focus on integrating generative AI into iPhones, which are not doomed yet, is seen as a crucial strategy to revive Apple's sales, with significant developments anticipated in the second half of the year.