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What to Expect From Apple's (AAPL) Q4 Earnings Today
Wall Street is getting ready for Apple’s (AAPL - Free Report) Q4 2018 earnings report on Thursday. Revenues are projected to climb 16.95% to hit $61.49 billion, based on our Zacks Consensus Estimate.
Apple’s iPhone revenues this quarter could pop 23.5% to reach $35.65 billion. The company has been expanding its Services business over the years. This includes Apple Pay and Apple Music. Services revenue is expected to increase 24% to around $10.55 billion.
Earnings are expected to jump 34.8% to $2.79 per share. October was a punishing month for tech stocks, but AAPL shares managed to avoid big losses.
The stock fell just 3.2% last month compared to Amazon’s (AMZN - Free Report) loss of nearly 20%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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