Earnings won't be anything special, predicts Brown, but you should still stick with the stock. "You're not going to have blow out numbers in any hardware. This is going to be about services, and that's where the volatility, either upside or downside, will come.
" Apple has been shifting more into services recently, most notably with its new entertainment streaming service,"Regardless of what happens," Brown said on Friday, "you're still talking about one of the best companies in the world, selling at 17 times forward estimates. I think it's reasonable to be long here.", the chipmaker that could suffer the most as Apple develops 5G chips in-house, is also reporting next week on Wednesday.
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