Apple Inc is expected to report earnings on Tuesday 30 April 2019, and the earnings is expected to come in lower than for the same quarter last year. It came in at $2,73 last year and they need more than iPhones to lift that number in the future.
The stock have jumped straight up so far this year and have a good momentum. More buybacks will make the stock go higher. We will probably hear more about that on Tuesday. Another issue is their revenue due to the drop in prices.
Analysts are expecting a 6,1% revenue decline and the street call for revenue of $57,44 billion with an EPS of $2,36. The earnings will be strongly helped by Apple`s massive buyback. But what about innovation?
Is it too early for Apple to talk about new foldable phones? We know that the iPhone sales dropped 15% YoY, but we also know that there is a strong growth for other products and services which jumped 19% YoY.
The iPhone account for 61,6% of the entire revenue but that won
t last for ever. In addition, they have huge competition from Chinese companies on market that is changing very fast. Apples earnings at $2,36 would represent a 14% drop YoY.
Investors are positive and optimistic about Apple`s outlook in the long run, and they are looking at a 20% growth in their strategic shift to the service segment. Apple Inc is expected to report earnings on Tuesday 30 April 2019 after market close.
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