Posted on 04/27/2015 7:58:57 AM PDT by SeekAndFind
Apple reports earnings for the quarter that ended in March after the market closes on Monday, April 27.
Get ready for another monster report.
Analysts are expecting big iPhone sales and think Apple could provide a major update to its cash return program.
According to data compiled by Bloomberg, analysts are looking for $56 billion in revenue, which would represent 23% growth.
Apple's revenue growth is expected to be driven by strong iPhone sales. Analysts are anticipating that Apple sold 58.1 million units, which would be an impressive 33% increase.
If Apple sells 58.1 million iPhones, it will be the second-biggest quarter for iPhone sales in Apple's history. Apple's biggest-ever iPhone sales happened during the previous quarter, when it sold 74.5 million iPhones.
Just a year ago, people were thinking that Apple's iPhone business might have run its course. Unit growth was down to single digits, and it looked like Apple was going to have to lower prices to reignite growth.
(Excerpt) Read more at businessinsider.com ...
Better consolidate your profits and put some stops on your investment for any possible downside protection.
Nah, we mostly buy and hold. We have our asset allocation and occasionally re-balance. It’s worked well over the years. With retirement nearing for my husband, we do have about 7 years cash and bonds, so we can weather a downturn. We refuse to panic, we refuse to try to time the market.
Apple boosts buybacks, earnings beat on strong iPhone sales
http://www.cnbc.com/id/102623422
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