LIVE: Will Apple’s First Decline in Profit in 10 Years Mean Anything?
It is predicted that on today’s earnings call Apple will make history with its biggest second-quarter sales yet, and log its first decline in profit in 10 years. Analysts anticipate in today’s second-quarter earnings report Apple to post earnings of $10.12 per share on sales of $42.6 billion. That’s down from earnings of $12.30 per share, and up from the $39.2 billion in sales from the same quarter a year ago. You’d have to go back to 2003 to find an earnings report when Apple posted a decline in profit from the previous year’s quarter.
On today’s Live NewsDesk Show with Kristin Feledy (see live stream below) we’ll be hearing from SiliconANGLE Senior Managing Editor Kristen Nicole. What are analysts attributing the year-over-year decline in profits to? How does the distinction as a hardware company vs. a software-hardware hybrid change the way in which investors view the company? Do you think Apple should be identified as a hybrid company? And if they are identified in this way how might it change the way the market interprets Apple’s earnings reports in the future?
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