Apple Inc (NASDAQ:AAPL)
Apple Earnings Preview
Apple Inc. ($AAPL) is set to release first quarter results after the close on Tuesday. Analyst are expecting AAPL to report earnings per share at $3.22 on $77.04 billion in revenue. However, all eyes will be on the sales of the new iPhone 7 following holiday sales to see if it can get AAPL out of the earnings doldrums its been in for the past few quarters.
Revenue from the iPhone is projected to increase by 3%, to $53.1 billion from $51.6 billion in the year-earlier period, on a slight increase in units sold. –MarketWatch
AAPL tends to be a big mover after earnings so we can expect plenty of traders will be watching this one.
APPL Technicals
Looking at the daily chart above, you will see that shares have been fairly strong the past few months with prices reaching levels it hasn’t been since late 2015. Some important levels to take note of are $30, $124, $118, $112 and 107.24 where the 200-day moving average currently sits. Look for shares to be extra volatile following their earnings release after the close on Tuesday.
Company Profile
Apple, Inc. engages in the design, manufacture, and marketing of mobile communication, media devices, personal computers, and portable digital music players. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes both North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa.
The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries not included in the reportable operating segments of the company. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA.