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FBN’s Shibani Joshi on Apple’s upcoming earnings report Wednesday, and the possibility of the company missing expectations.
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So -- and standard mentioned apple setting up beautifully here apple of course known for blowing earnings estimate on water but.
Wednesday it could be different stories analysts fear the company's first loss in years -- your -- now as promised with our preview page yet you know everyone's been trying to read into -- -- getting indications from so many different sort of external sources that all will be revealed on Wednesday after the close and we get apples.
-- fiscal first quarter numbers let's just take a look at the ride that the stock has been -- since.
-- the last three months the last six months it was at 700 bucks in September down.
About 18% just in the last identity -- -- months alone -- 500 on the nose right now.
And the analysts' estimates have been ratcheted down the right along with the stock price earnings per share thirteen dollars and 41 cents on revenue of 54 point six billion dollars.
-- -- here is that overall we're looking for a decline in its first quarterly decline in revenue quarter to quarter.
I down 3% across the board is what the street is kind of looking for the first time it's happened in the -- -- This is going to be sort of a true test of the company's brands -- the products -- of its mode -- as a whole.
And then the markets -- gonna shift based on what happens -- reporting last week on sluggish iPhone 5 sail -- expectations so what products and what types of sales should we be looking for Wednesday -- yes so apple is notorious for sort of over prime rent there are.
Under delivery under under promising elderly deliver at Wright said that's it today yes sandbagging an -- -- it there the classic example a company that does -- -- yes -- -- come out their numbers but it's the devil in the details at C iPhone sales CF cements this sort of -- numbers fifteen million units sets you cheat sheet number.
I've had sells 22 million and then margins margins were on the decline last quarter because they have.
I had many in the iPhone 5 so what analysts wanna hear -- -- emergence strain is coming back.
So that's kind of the stuff that we're looking for their actions and the details were looking for on Wednesday -- had an act.
A lot of anticipation thanks junior doing our homework for a didn't appreciate it.
