The world’s largest company by market value reports results after US markets close on Tuesday. Analysts on Wall Street are looking for earnings of $1.57 a share, on revenue of $44.9bn. Investors will be watching to see if iPhone unit sales climbed in the company’s fiscal third quarter as pressure grows on chief executive Tim Cook to deliver new products as iPhone sales growth slows. Indeed, sales of the iPhone fell 1 per cent in the last quarter to 50.8m units.
Apple is joined next week in reporting earnings by more than 130 companies listed on the S&P 500, including Pfizer, Time Warner, Chesapeake, Kellogg, Motorola, Kraft Heinz and Warren Buffett’s Berkshire Hathaway. Companies listed on the S&P 500 are expected to post year-on-year earnings growth of 9.1 per cent and revenue growth of 5.2 per cent.
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