This time, cyclicality works in Apple’s favor

Apple’s third fiscal quarter ending in June is typically the company’s slowest, thanks mostly to its pattern of launching new iPhones and Apple Watches in the fall. Q3 this year may be even slower, given China’s quixotic COVID lockdowns that have disrupted operations in some of the factories that produce Apple’s products. So, this time, cyclicality works in Apple’s favor.Dan Gallagher for The Wall Street Journal:The company warned investors during its second-quarter