Apple Inc (NASDAQ: AAPL) reports its quarterly results Monday after the close of the market. Analysts are expecting a blowout quarter from the tech giant, which may mean that the stock could fall even on a small earnings beat. Investors are looking for the best Apple quarter ever and are expecting the company to earn over $4.06 per share on revenue of $18.86 billion. The high estimate is a nose-bleeding $4.41 per share.
Apple's strong iPad and iPhone sales should help the company deliver the results that the Street is looking for. The company had released its iPad in a plethora of other countries. The iPad is set to be released in AT&T stores on October 28.
Investors should hope that the stock goes down off a good quarter so that they can buy the stock before Verizon gets its hands in the new iPhone.
To read Kibbens' full report, click here.
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