Apple Chart

Apple will release its Q3 Earnings tonight after the Bell, and given the 6% rally in the past week, it is fair to say the Street is expecting good things. The first thing to look out for is if China sales have been impacted since the decline in their stock market. Also of some importance are the Apple Watch sales. However, these figures will only contain the first 2 weeks of Apple Watch sales, where demand was probably at its highest. It has been reported since that recent sales of the Apple Watch have been somewhat disappointing; therefore future projections should also be followed closely.

Apple earnings are a big event and more often than not they surprise on the upside however despite being a massive fan of the company myself, I wouldn’t be surprised if tonight’s release is a little lacklustre.

Good Luck,

Vinay

*******************************

Disclaimer 

The views and content expressed above are the views of the author and do not reflect the views of ayondo markets. This service is for information only and should not be interpreted as investment advice or any recommendation to enter into a financial transaction.

« Back to the ayondo Blog