Apple reports its first-quarter earnings this week, and the results could not be more closely watched for signs of the company's health and future.
The story is well-known by now. Shares of Apple's stock have been on the decline, going from $702 in late September to a close at an even $500 last week. That's a 28.4 percent drop in just over four months. Positive results -- and a look ahead when Apple puts out its numbers Wednesday -- could turn that trend.
Apple forecast $52 billion in revenue and earnings of $11.75 per share when it reported its previous quarterly results in October. Wall Street's expecting the company to top that at $54.69 billion and earnings per share of $13.41 based on a poll of 47 analysts done by Thomson First Call.
Those estimates are pared down from the $13.87 per share analysts were expecting ahead of last quarter's forecast, a shortcoming that caused concerns that Apple's growth had stalled. During a conference call with analysts, Apple chalked it up to tighter margins in the creation of its newest products including the iPad Mini, which starts at $329 and is estimated to cost the company around $198 in parts and labor, according to IHS iSuppli... [Read more]
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