Tomorrow will see the Apple earnings call for Q1 2013, and while things have not looked too great in recent weeks, there is hope that Apple (AAPL) could bounce back a little over the next day. However, we do not expect to see a big jump, as prices are down roughly 25 percent on this time last year.
However, this is not going to affect Apple earnings, as they have still be shifting a huge number of iPads, iPhones, Macs and other devices. Although, sales have slowed a little, but this is to be expected, when there is talk of new versions of these products being released.
Forbes has their own Apple earning call predictions, which you may find of interest. They point out that investors are holding out to the last minute to buy shares, but it will never hit $705.07 this year, or at any time in the future, which could be a bit of a blow for Apple.
While Apple profit may show a slight drop tomorrow, we expect to see some growth later in the year, which will be about the time Apple announce iOS 7, which should also increase public interest to the iPhone 5S and not the iPhone 6. If Apple were to release an iPhone 6, then profits later in the year would have surely increased at a greater margin?
We know overall smartphone growth has stalled a little, but it is still one of the most profitable markets, one which Apple has a good share in. However, in order to further increase this market share then a cheaper iPhone is needed, as this will open up a whole new market for Apple, although we are still uncertain if this will ever happen.
We advise you to study Apple earning call predictions reported on Forbes and see if you agree with them, or if you think they are wrong?