Is Apple Gearing Up for Another Blowout Quarter?

Apple has proven a master of setting expectations low for its quarterly earnings and then zooming past them, so anything less than a blowout is viewed as a disappointment. Will Apple’s streak hold for Tuesday’s fiscal third-quarter earnings?

If the company’s stock price is any indication, analysts are pretty confident: Apple’s stock price was up slightly in pre-market trading on Tuesday. Over the past month, Apple’s stock has risen close to 4%. Since the beginning of the year, Apple’s stock price is up 49%.

That optimism comes despite an expected drop in iPhone sales for the quarter. Apple sold 35.1 million iPhones in the last quarter. In 3Q though, analysts expect that number to be sm…
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