Expectations are for:
Revenues of $94.54 billion versus $90.75 billion in the same quarter last year. That represents an increase of 4.17%. EPS are expected at $1.62 up from $1.53 a year ago or 5.80%Tariff Impacts: Analysts anticipate that concerns over potential tariffs may have led to a pull-forward in demand, particularly for iPhones and Macs. However, the longer-term effects of trade tensions remain a concern.
China Market Performance: Given Apple's substantial manufacturing and sales presence in China, investors are keenly interested in how the company navigates the challenges posed by the U.S.-China trade dynamics
Apple shares plunged close to 35% from it's December 2024 high of $260.10 to the low reached on April 8 at $164.08. Since then the price has rebounded 25% to the current price of $212.69. Today's shares are up $0.24 or 0.11%. The high price today reached a corrective high off of the April low of $214.27.
Getting above both those levels is needed to increase the bullish bias. On the downside, the broken 38.2% retracement of the move down from the December high comes in at $203.93. Move below that level would give the sellers some comfort.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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