Apple reports earnings on Tuesday: Key things to watch

Annie Gaus for TheStreet:

Analysts polled by FactSet are expecting earnings of $2.09 per share on sales of $53.3 billion, on average.

iPhone are Apple’s present, but services represent its future in the eyes of many analysts. The tech giant is preparing to roll out a slew of new services, including Apple TV+, Apple Arcade and a credit card in partnership with Goldman Sachs in the coming weeks and months. Reportedly, Apple plans to introduce the latter offering in the early part of August, with the rest expected this fall. While Apple probably won’y go into extensive detail about any of these individual offerings, investors are eager for any evidence of how the services might perform, how they’ll affect Apple’s overall business, and what else lies in store for Apple customers, such as new healthcare-focused initiatives for Apple Watch, further forays into financial services, automotive ambitions and otherwise.

MacDailyNews Take: This report will be all about guidance (as usual), but the Q&A session with analysts on the call could break some news.

We’ll bring you Apple’s results right around 4:30pm EDT on Tuesday and we”ll then cover Apple’s conference call with analysts with live notes starting at 5pm EDT.

2 Comments

  1. I’m sure analyst’s results are all over the place for Apple. All I can hope for is at that the stock goes up at least a bit. Apple isn’t going to produce a revenue jump as Google did so I’m not expecting a 10% rise but a 2% to 3% rise would be nice. Apple returning to a $1T company this year is a near impossibility. Increased iPhone sales are a thing of the past.

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