Apple is about to report earnings, and this is the one thing investors need to watch

📆 30/07/2019 16:31:00
📰 CNBC

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Apple will release its quarterly results after the bell Tuesday in one of the most closely watched earnings releases of the reporting season, but one strategist says it needs to walk a fine line.

The iPhone maker will release its quarterly results after the bell Tuesday in one of the most closely watched earnings releases of the reporting season."I'm not sure that expectations are that low. I mean, the expected consensus number is $2.09, but the whisper number is actually $2.18.

Apple's services segment, which includes the App Store and Apple Pay, has grown to become a larger slice of overall revenue as it pivots from a pure hardware company. Annual sales in services expanded from $16 billion in 2013 to $37 billion in 2018. The technical setup for Apple looks strong heading into earnings, according to Ari Wald, head of technical analysis at Oppenheimer.

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