“No matter what Apple does, it seems that it is never enough,” Jay Somaney writes for Forbes. “Investors (including yours truly admittedly) are always clamoring for better results, better earnings, better guidance, better products, newer products and better and newer everything.”
“Apple is the biggest company in the world in terms of value. It is also the largest contributor to S&P 500 tech sector earnings (FactSet),” Somaney writes. “Tech sector earnings for Q3:15 are expected to grow by 2.1%. Excluding Apple, the sector would see a 3% decline. and would be classified as a tech sector recession.”
“Despite these impressive statistics above, Apple has been a laggard in terms of performance and with Apple’s September quarter numbers due after the closing bell today, it remains to be seen if investors will be pleased or not,” Somaney writes. “It almost seems like as soon as the conference call for one earnings is over, investors are already worrying about the next quarter and what Apple will have to do to make those numbers.”
Read more in the full article here.
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