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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. — Tim Cook speaks during an event at the Steve Jobs Theater in Cupertino, California, on March 25.
Photographer: David Paul Morris/Bloomberg

By

Jeran Wittenstein

April 30, 2019, 9:00 AM UTCUpdated onApril 30, 2019, 1:41 PM UTC

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.