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Barchart
Barchart
Aditya Sarawgi

Here's What to Expect from Apple’s Next Earnings Report

Apple AAPL

Cupertino, California-based Apple Inc. (AAPL) designs, manufactures, sells and provides smartphones, personal computers, tablets, wearables and accessories, and other related services. With a market cap of $3.5 trillion, Apple’s operations span various countries across the Americas, Indo-Pacific, and EMEA.

The tech sector giant is expected to announce its first-quarter results after the market closes on Thursday, Jan. 30. Ahead of the event, analysts expect Apple to report a non-GAAP profit of $2.36 per share, up 8.3% from $2.18 per share reported in the year-ago quarter. The company has surpassed Wall Street’s bottom-line projections in each of the past four quarters. Its adjusted EPS for the last reported quarter increased 12.3% year-over-year to $1.64, exceeding analysts’ estimates by 10.1%.

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