“Apple’s incredible growth streak is expected to officially come to an end today, April 26, when the company reports its second-quarter results after the market close,” Dan Frommer reports for Re/code.
“After a dozen years of dramatic growth — led first by the iPod and Mac, and then the iPhone and iPad — Apple is expected to report that March quarter sales declined 10 percent year over year to around $52 billion,” Frommer reports. “This isn’t a surprise. Apple warned that sales would shrink on a year-over-year basis when it issued its forecast in January, and shares have traded up almost 10 percent since then.”
Read more in the full article here.
MacDailyNews Take: Once this crazy iPhone 6/Plus compare is past, the iPhone picture will be clearer for the average investor.
SEE ALSO:
Jim Cramer: Buy Apple if earnings cause a dip – April 26, 2016
What to look for in Apple’s Q216 results today – April 26, 2016
Today’s Apple results a tough compare due to the ‘iPhone 6 Blip’ – April 26, 2016
Let’s hope Apple surprises at least a little bit with results on the upper end of their estimates. I also think it’s darkest before the dawn and there are no doubt Mac updates and other surprises in store soon for an upside. It’s funny how reckless & specious investors are with a company that still outclasses and out-earns every other company on the planet.
Make Apple Great Again!
We’re gonna make Apple so great, Apple is going to win so much, you’re gonna get sick of winning!
Google, Samsung– total losers. Honestly, Android is just a total disaster. A complete and utter failure. Disgusting. No, no, they’re disgusting.
Mark Zuckerberg is just one of the all time biggest losers. It’s true, it’s true, it’s always been true. Just look at his wife. Melania is so much more beautiful.
Apple should make their damn phones and things in this country! We’re going to make Apple great again!
Much appreciated!
Steve Jack has spoken many times about the special circumstances of the iPhone sales bump.
Still, college students and high schoolers for the most part want iPhones. That speaks well for
the future of this product. Hard to remember there was a time when apple was mainly a computer
and MP3 player company. Fear not. Apple will get back to growth. In the meantime, there may
be a buying opportunity in Apple stock very soon if only briefly.