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The company is expected to announce a decline in sales and profit after the closing bell on Tuesday. Analysts are waiting to returned in the three months ended March, the decline was 57% to $ 57.4 billion, while net income is expected to decrease by 20%.
Investors hope the CEO, Tim Cook, will find another way to spur growth. Services such as Apple Pay, Apple Care and Apple Music could be the company's next major goal.
Samsung said Tuesday that its operating profit fell 60 percent in the quarter, to reach W 6 200 billion ($ 5.3 billion). Sales for the three months ended March decreased by 14% to 52.4 trillion won ($ 45 billion).
This appalling report comes one week after Samsung delayed the launch of its highly anticipated foldable smartphone after several critics reported flaws. Shares fell by less than 1% in Seoul.
Google's parent company, Alphabet, reported sales of $ 36.3 billion in the first quarter after the US market closed on Monday. About 85% of this revenue came from its main advertising activity.
Alphabet shares fell 7% in prolonged trading.
3. Good news from Europe Economic growth in the euro area accelerated in the first three months of the year to 0.4%, double the rate posted in the previous quarter. Growth was 1.2% on an annual basis.
The latest evidence suggests that the world's largest economies are more resilient than many economists thought.
China exceeded expectations with growth of 6.4% in the first quarter, and the US economy grew well above expectations at 3.2%.
4. More from Milken: The annual world conference of the Milken Institute continues in Los Angeles. This year's theme is "Stimulating Shared Prosperity".
Ken Griffin, founder of Citadel, and Mick Mulvaney, acting chief of staff of the White House, will be among the speakers expected Tuesday.
CNN Business will have live coverage of the event.
US consumer confidence and future home sales are expected at 10:00 am ET.
Tuesday – GDP of the euro area; The Fed meeting begins; Manufacturing PMI in China; GM (GM), Profit of GE and Apple
Wednesday – Fed decision; Yum brands (YUM) and CVS (CVS) earnings
Thursday – Update of the policy of the Bank of England; Under protection (UA) and Dunkin & # 39; (DNKN) earnings; weekly claims of unemployment; Caixin China manufacturing PMI
Friday – job report; Inflation of the euro zone, Fiat Chrysler (FCAU) earnings
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