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Will Apple Miss on Earnings This Week?

TheMotleyFool

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Apple (NASDAQ: AAPL) is set to report fiscal fourth-quarter earnings results on Thursday, but investors should temper their expectations. The company will face tough comparisons in several categories, most notably in the core iPhone business. The COVID-19 crisis impacted Apple's supply chain earlier this year and led to delays in final testing, which subsequently pushed back the production schedule by a few weeks.

The iPhone 12 and 12 Pro launched on Friday, slightly later than usual, and after the fiscal fourth quarter had already closed at the end of September. In contrast, last year's iPhone 11 lineup launched in late September.

Image source: Apple.

Source Fool.com

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