An Apple Repeat Of Last Quarter?
by Bill Maurer
It's January 7 already, which means earnings season is almost here. I can't think of any stock everyone will be watching more than Apple (AAPL). The tech giant is scheduled to report on Wednesday, January 23, after the bell. This quarter is scheduled to be a record revenue quarter for Apple, and potentially a record net income one as well, even if you include the extra week that last year's fiscal Q1 had. But as we're more than two weeks out from that report, an interesting phenomenon is starting to occur. It's one we saw last quarter. Analysts are starting to lower Apple estimates ahead of the quarter and issue bearish pieces on iPad sales, or iPhone production, etc. Last quarter, Apple beat on the top line and missed on the bottom line thanks to reduced expectations. Should we see this happen again, Apple investors may see shares take another run at $500 before the quarter is reported. Today, I'll show why I think so. read more »
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