Jim Cramer is ready for Apple’s earnings. Are you?
Analysts surveyed by FactSet expect earnings of $ 2.04 and revenue of $ 52.13 billion for the quarter ending June 30.
“COVID-19 has made this one of the most difficult neighborhoods to form high-conviction expectations. But I think the financial results will again be supported by services, as consumers continue to spend generously from home,” said Daniel Martins, a financial researcher who writes about Apple. “The iPhone should be a story of pros and cons, with the SE launching in April and the previous recovery in China helping to offset what a very weak North American market should be.”
One commenter wrote: “I am 20 years old before I retire. New to investing in the stock market. I am looking for growth in a retirement account as well as savings. When should I pull the trigger at Apple and buy?”
Cramer said they should wait until the earnings report comes out and if the stock goes down, then it’s time to get it back.
Part of that reasoning? Investors are going to want to hear about the iPhone 5G.
“For Apple investors, the biggest X-factor that could affect stocks is the time of their next iPhone launch. New iPhones are usually announced in September at a big in-person event, but for obvious reasons, the announcement will be a little bit different year The phone may also come later than normal: Japanese Apple blog Mac Otakara reported last week that the iPhone 5G won’t be ready until the end of October, “wrote Annie Gaus on her way to earnings. .
See more: Apple earnings preview with Jim Cramer
