Apple is in a good shape. Sales of new iPhone X expected to drive double-digit revenues

It’s a big week for tech earnings with Facebook, Amazon, Apple, Alphabet, Microsoft and Alibaba reporting results for the last quarter of 2017. But there is Apple which is feeling as strong as never before as it is set to beat its own record for the most profitable quarter in corporate history when it reports earnings on Thursday, with analysts forecasting net income of at least $19bn. The three months to December 2017 — the smartphone maker’s fiscal first quarter and traditionally its biggest — is the first to include sales of the new iPhone X and is expected to beat its previous quarterly record of $18bn net income in 2015. Beating sales expectations will ultimately result in apple stock price rise. Investors are getting ready

Sources

https://www.bloomberg.com/news/videos/2018-01-29/3-charts-to-know-facebook-amazon- apple-earnings-preview-video

https://www.fool.com/investing/2018/01/28/5-companies-with-the-strongest-balance-sheets- in-t.aspx

https://www.investing.com/news/stock-market-news/asia-shares-extend-bull-run-dollar- huddles-near-lows-1163011

https://www.investing.com/equities/apple-computer-inc