April 22, 2009

AAPL

Apple Inc. reports fiscal second-quarter earnings Wednesday after the closing bell today. Analysts surveyed by Thomson Reuters expect Apple to earn $1.08 per share on $7.9 billion in sales. In 1999, Steve Jobs said the the second-quarter was the toughest quarter for the company.

I project that Apple will beat the projected earnings and lower third quarter earnings due to the tight computer market. Sales of iPod and iPhones have certainly help Apple over the past years. This will be a key call to listen to see how they view the current market situation and probably an update on Steve Jobs.

There's a lot of speculation among Apple users that a new product will be announce soon. Some people think that Apple is working on a product that would just bigger than iPhone and smaller than a laptop. Will this be the return of the Apple Newton?

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