Apple Quarterly Earnings: The day has finally come. Soon enough, Apple Inc. (NASDAQ:AAPL) Q2 earnings will be released. At that point, nobody knows what is going to happen. Will it be good news for the tech giant? Will it be more bad news, pushing shares even lower?
Everybody has a different opinion on what the future is going to bring for Apple, but today is a big step in figuring out where things are going in the near term.
CNBC published a video this morning, which can be seen on the next page, complete with interviews with two Apple Inc. (NASDAQ:AAPL) analysts.
As the segment gets underway, the host asks analyst Abhey Lamba what he expects out of Apple this evening.
“For the first one we would look for what the iPhone numbers are, for the quarter we are looking for low thirties, 31 to 32 million units. And that is clearly where we expect the numbers to be. And then we would look for where their guidance is. And for the next quarter, we are expecting guidance to be significantly below consensus.”
As the interview moves forward, the host turns to another analyst, Patrick Kaser of Brandywine, asking if Apple Inc. (NASDAQ:AAPL) is setting up for a scenario similar to what was seen with Caterpillar:
“I think investors have prepared themselves and then some. I think if we hit that $8 guidance for next quarter I think that it will be probably be a very positive number in terms of the eyes of the street. Right now, I think that the stock itself is pricing at investor expectations that earnings are going to decline 20 percent over the next year. Obviously we own it, we think it is going to be better than that, but expectations at this point are so low for Apple that if they deliver a number that is anywhere near guidance, I think it could have a day tomorrow like Netflix is having today.”
As you can see, both analysts have a solid opinion on what is going to happen later today with Apple, as well as what it could mean to the future of the company.
Kaser believes, perhaps, that tomorrow could be Apple Inc. (NASDAQ:AAPL)’s big day, must the same as Netflix is experiencing at this very moment.
If you want to hear more from Lamba and Kaser, view the full video of the interview on the next page.
This will prep you for the Q2 earnings set to be released by Apple later this afternoon: