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Apple Computer is set to report its earnings today. This will be an interesting report to watch. Last quarter, Apple reported very strong earnings, beating Wall Street’s expectations by ten cents a share. But the stock took a hit because the company said that its revenue forecast was merely in line with Wall Street’s expectations. Wall Street had become so used to Apple beating expectations that anything less was seen as a big disappointment. The stock fell sharply on the day of the earnings announcement, and it’s been struggling ever since. Today's report will tell us if iPod sales are beginning to taper off.

Posted by edelfenbein at July 13, 2005 9:48 AM