“With the stock market continuing its slide, could the world’s biggest company provide a spark?” Kristen Scholer asks for The Wall Street Journal. “Apple Inc. reports calendar fourth-quarter earnings after the close Tuesday. The tech giant is expected to book record income of $18.1 billion in the final three months of the year on revenue of $76.6 billion, according to analysts surveyed by Thomson Reuters. ‘[Apple is] going to make or break it for the index to some degree,’ said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. ‘They are going to be the big news item for the week.'”
“One of the biggest challenges facing Apple is China. Last year it became Apple’s biggest market after the Americas and soaring sales in China have helped make Apple the world’s most profitable and valuable company. The question now for Apple and its investors: How to keep growing in China, the world’s largest smartphone market, without the red-hot economy,” Scholer reports. “For that reason, Apple’s earnings should offer insight on the health of the global economy.”
Scholer reports, “The company is expected to be the biggest contributor to the S&P 500’s operating earnings in the fourth quarter, according to Mr. Silverblatt. If the company can surprise to the upside, that should help the stock and the overall S&P 500 as Apple has the largest weighting in the index at 3.4%.”
Read more in the full article here.
MacDailyNews Take: Right around 1:30pm PDT / 4:30pm EDT today, we’ll bring you the results as soon as they are available and follow that up with live notes from Apple’s conference call. Check our home page around 4:30pm EDT for the results and around 4:45pm EDT for the link to our live coverage. You can listen to Apple’s conference call live via this link later today here.
SEE ALSO:
What the analysts expect from Apple’s Q116 earnings report today – January 26, 2016
What to look for in Apple’s earnings report tomorrow – January 25, 2016
Apple to release Q116 earnings, webcast live conference call on January 26th – January 22, 2016