Apple’s $300 Billion Rebound Faces Reality Check With Earnings
- Investors are looking for improvement in China sales
- Qualcomm settlement and plans for 5G are also in focus
Tim Cook speaks during an event at the Steve Jobs Theater in Cupertino, California, on March 25.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Apple Inc. has a lot to live up to with its earnings report coming on the heels of a rally that has added almost $300 billion of market value this year.
The shares are up 43 percent from a 21-month low touched in early January after worse-than-expected iPhone sales prompted the company to cut its fiscal first-quarter revenue forecast. On Tuesday, the stock slipped 0.7 percent at 9:32 a.m. in New York.