What To Expect — Apple (AAPL) Earnings

Apple to soon launch its official online store in India

Apple to launch exclusive online stores in India?

This year, no matter what, people will likely shrug as they await the debut of the next iPhone.

Apple's potential to wow will come later this year, with the expectation that the company will significantly redesign its popular phone. Baird reiterated an "outperform" rating and set a $133.00 price objective on shares of Apple in a report on Tuesday, January 24th. Apple Inc. (AAPL) expects sales to be between $43.5 billion and $45.5 billion and its gross margin to be between 37.5% and 38.5%. (NASDAQ:AAPL) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

With that said, the iPhone 7 and iPhone 7 Plus are still pretty darn important.

Though the industry average of online sales is 30%, in the case of Apple the proportion of iPhone sales generated online is between 50% and 55%. That ended what turned out to be a string of three quarters of slipping sales.

Apple said earnings per share were $2.10 on revenue of $52.9 billion in its fiscal second quarter, compared with $1.90 EPS and $50.56 billion in sales in the year-earlier quarter.

"We are proud to report a strong March quarter, with revenue growth accelerating from the December quarter and continued robust demand for iPhone 7 Plus", Tim Cook, Apple's chief executive, said in this morning's statement, noting "strong momentum" in its services business. The company attributed the increase to a "very strong product mix and the incredible success of iPhone 7 Plus" on its earnings call.

Shares outstanding are recorded as 5298.66 billion and total shares floated are 5243.34 billion. Investors seem to be anticipating another big quarter for the world's most valuable company, whose stock hit a new all-time high on Monday.

The current positioning by investors suggests Apple stock has room to run as portfolio managers chase performance. However, it might just go ahead and open up an online store in the country first. Apple recently refreshed its iPad products, launching a $329 device, which it hopes can compete with Google Chromebooks and other devices at the low-end of the education market, an area Apple has lost ground in in recent years. Armbruster Capital Management Inc. now owns 1,024 shares of the iPhone maker's stock worth $116,000 after buying an additional 266 shares in the last quarter. Apple will also announce its 2017 dividend increase during the financial call. Critics have long lambasted the company's reliance on iPhone sales - and investors have sent Apple stock tumbling when it does, from time to time, miss sales expectations.

On 28 April 2017, ON Semiconductor Corporation (NASDAQ:ON) shares moved to $14.18 after starting the day at $14.67.

Analysts on average had expected $US2.02 per share, according to Thomson Reuters I/B/E/S. Analysts mean target price for Weatherford International plc (NYSE:WFT) is $7.68 while their mean recommendation is 2.10 (1=Buy, 5=sell).

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