How the iPhone Will Maul Tech Sector Earnings

by Wolf Richter
Wolf Street

This is what we can look forward to this week.

Apple will report earnings on April 26 for the quarter ending March 31, its second quarter. According to Zacks, the ex-bad-items non-GAAP consensus earnings forecast is $1.97 per share. FactSet pegs it at $2.00 per share. A year ago, Apple reported $2.33 a share.

This would be a 15% year-over-year decline. It would be the first since the decline in the July-September quarter 2013. Apple could throw in miscellaneous disappointments in its numbers or its outlook – because it has been tough out there.

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