“Apple Inc. has warned investors that its quarterly earnings report will bear bad news about iPhone sales,” Alex Webb reports for Bloomberg. “The question now is just how bad.”
“Analysts will probably be reassured by a sales decline that doesn’t outstrip Apple’s projections for the quarter that ended in March,” Webb reports. “‘From the stock point of view, it is already built into people’s expectations,’ said Abhey Lamba, a San Francisco-based analyst at Mizuho Securities, who recommends buying Apple shares. ‘If iPhone sales end up in line to slightly better than expectations then it’ll be taken positively.'”
“April has also traditionally been the time when Apple announces its plans to return capital to investor,” Webb reports. “Bloomberg estimates Apple will raise its dividend to 57 cents a share from the 52 cents it paid investors the past four quarters.”
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MacDailyNews Take: It’ll be nice for Apple and Apple investors to get this quarter’s tough compare in the rear view mirror.