Here's what every major analyst expects from Apple's second quarter earnings

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All eyes are on the iPhone ahead of Apple's second quarter earnings report on Wednesday, according to Wall Street analysts.

Apple CEO Tim Cook delivers the keynote address during the 2020 Apple Worldwide Developers Conference at Steve Jobs Theater in Cupertino, California, June 22, 2020.Wall Street analysts are largely focusing on the iPhone ahead ofThe tech giant has largely done well during the pandemic driven by high demand of products like the Mac and iPad. In addition,Shares of the company are only up 1.2% this year.

Investors will also be watching to see if the company provides guidance, which it has declined to do since the coronavirus began. Buybacks and dividend hikes are other key catalysts to watch closely, according to analysts.

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