Apple reports fiscal second-quarter earnings after the bell

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Apple's business is cyclical and its second quarter, which ends in March, is typically much smaller sequentially than the holiday quarter.

Still, analysts expect Apple to report strong numbers, boosted by demand around the world for PCs, tablets and other computers. Analysts polled by Refinitiv on average expect Apple's earnings per share to grow 54.8% from a year ago, and that revenue will be up 32.7%.

But some analysts are still wary about the possibility that a big upgrade cycle for the iPhone may not materialize and the first signs of weakening demand would be revealed this quarter.

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