What to expect from Apple's earnings
In many ways this tends to be one of Apple's least telling quarters. The new iPhones are still several months out and the old ones have been on the market for a while. Nonetheless, here's our cheat sheet for Apple, which reports earning after the close on Tuesday.
The numbers: Apple tends to exceed estimates. Here's what Wall Street is expecting, according to Zacks Investment Research.
- Per-share earnings: $2.01, unchanged from last year (Zacks)
- Revenue: $52.6 billion (Zacks)
What I'm looking for: The main thing I am looking for is "the one sentence." By that, I mean that one line Apple sometimes gives on a new area. "TV is a hobby," was an early example of this. I want to know what Apple has to say, for example, about cars.