Not surprising honestly. New iphones start at like $800 before tax now and only incrementally improve on the previous couple of models. Inflation is also high for housing along with a lot of other consumer goods, and my gas company just doubled the rate for January. I bet this is already priced in.
Who would Apple lay off? They don’t hire people for the sake of keeping people around. Apple teams are lean, and manager count is held to the minimum necessary.
