Apple Stock News
Apple Inc. is scheduled to release Q3 earnings this afternoon after the closing bell.
To be precise, the company is expected to report adjusted earnings of $1.57 per share and revenues of $44.89 billion in the June quarter, according to analysts surveyed by Thomson Reuters. That’s a 10.7% jump in EPS and a 6% jump in revenue from this time last year.
However, at this point no matter what the performance for this spring was, investors will give it a pass as all eyes are on next quarter. Some analysts have gone as far as saying that they want to get this quarter over with and it makes sense as we are at the end of a product cycle. With the iPhone8 launch just around the corner and a lot of people waiting to upgrade their iPhone6, one of Apple’s best sellers, next quarter guidance seems much more relevant than anything the company has done so far this year.
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