[ad_1]
The iPhone maker is expected to release its second-quarter financial results after the closing bell. Apple expects to record lower sales compared to the same period last year. However, despite all the bad news of recent years, the stock has been on a tear this year and is at a striking distance from the $ 1 trillion capital market cap.
<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Apple has reduced its prospects ahead of time on its second quarter According to data compiled by Bloomberg, earnings are expected to reach $ 2.37 per share for a business turnover of $ 57.49 billion.Investors will focus on revenues from the business services of Apple, as well as China's performance during the quarter. & Nbsp;During the first quarter, sales in China fell nearly 26% to $ 13.17 billion. Sales in China accounted for more than 15% of Apple's total sales in the first quarter. The Cupertino-based company no longer publishes unit sales for its products, but reveals revenues. Product revenue increased for all Apple products except the iPhone. During the holiday quarter, iPhone sales decreased by 15% over the previous year. "Data-reactid =" 17 "> Apple has revised upwards its forecast for the second quarter results.According to the data compiled by Bloomberg, investors will focus on the business activity turnover Services Apple as well as on China's performance during the quarter, recording a nearly 26% drop in sales in China, to establish at $ 13.17 billion. The Cupertino-based company does not publishes more unit sales for its products, but reveals a turnover.The products rose for all Apple products, with the exception of the iPhone. iPhone sales declined 15% year-over-year.
A man tries a last iPhone next to the iPhone 8 and 8 Plus exposed for sale in an Apple Store in Beijing on Tuesday, December 11, 2018. The American chip maker Qualcomm says that he won an order in court Chinese banning some Apple phones in China as part of a longstanding dispute over patents. Qualcomm said on Monday that the Fuzhou Intermediate People's Court in China had granted preliminary injunctions ordering four Chinese subsidiaries of Apple to stop selling and importing iPhones. (AP Photo / Andy Wong)
At the same time, Wall Street seems rather optimistic.
Dan Ives, technical analyst at Wedbush, predicts a brilliant earnings report. "We expect at least one quarter online and probably a beat on the iPhone's higher revenues, as demand from Chinese consumers has rebounded," Ives wrote in a note on Friday.
Morgan Stanley analyst Katy Huberty believes that Apple's revenue will be in the top bracket of management's earlier forecast. "We continue to believe that Apple will release its revenue for the March quarter at the top of the 55B-59B guidance range of management. After the activation of the F2Q on an iPhone in China, the market share has improved in January. Huberty raised its target for Apple stock prices from $ 220 to $ 234, up about 14% from Monday's closing price.
<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Other notable gains expected for Tuesday include Blue Apron (APRN), ConocoPhillips (COP), Eli Lilly (THERE IS), General Electric (GE), Incyte (INCY), Mastercard (MY), McDonalds (MCD), Merck (MRK), Pfizer (PFE), Shopify (SHOP) before market opening and Advanced Micro Devices (AMD), Amgen (AMGN), Apple (AAPL), Groupon (GRPN), Mondelez (MDLZ), Twilio (TWLO) after the close of the market. "Data-reactid =" 32 "> Other notable benefits planned for Tuesday include Blue Apron (APRN), ConocoPhillips (COP), Eli Lilly (LLY), General Electric (GE), Incyte (INCY), Mastercard. (MA) , McDonald's (MCD), Merck (MRK), Pfizer (PFE), Shopify (SHOP) before market opening and Advanced Micro Devices (AMD), Amgen (AMGN), Apple (AAPL), Groupon ( GRPN), Mondelez (MDLZ), Twilio (TWLO) after the close of the market.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "–"data-reactid =" 33 ">–
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Heidi Chung is a Yahoo Finance journalist. Follow her on Twitter: @heidi_chung."data-reactid =" 34 ">Heidi Chung is a Yahoo Finance journalist. Follow her on Twitter: @heidi_chung.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit."data-reactid =" 35 ">Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "More from Heidi:"data-reactid =" 36 ">More from Heidi:
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Domino & # 39; s announces weak sales in the first quarter, but shares record higher profits"data-reactid =" 37 "> Domino reports weak sales in the first quarter, but share of shares against profit beats
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "IPO Price Zoom at $ 36 per share"data-reactid =" 38 "> IPO Price Zoom at $ 36 per share
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "US economy adds 196,000 jobs, exceeding expectations"data-reactid =" 39 "> The US economy adds 196,000 jobs, exceeding expectations
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Key factors to consider before embarking on IPOs, according to UBS"data-reactid =" 40 "> Key factors to consider before embarking on IPOs, according to UBS
[ad_2]
Source link