Apple Earnings Seen Falling For First Time In 10 Quarters
Summary
Apple ( AAPL ) stock has risen ahead of the iPhone makers fiscal second-quarter report, even though Wall Street forecasts declining sales and earnings. Apple faces declining iPhone sales amid smartphone market saturation, an extended replacement cycle and heightened competition in China from domestic rivals like Huawei. Wall Street predicts Apple earnings per share and sales each will decline 4% in fiscal 2019, which ends Sept. 28. Analysts expect Apple to boost its quarterly dividend and share buyback authorization on Tuesday. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor companies.
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Apple Inc.
$1B+