Why Apple Stock Could Crush the Market This Earnings Season
Apple (NASDAQ: AAPL) has held its ground despite the severe sell-off in technology stocks this year, with shares of the iPhone maker down just 10% in 2022 as compared to the 25% drop in the Nasdaq-100 Technology Sector index.
Investors, however, can expect Apple stock to get a nice boost when it releases its fiscal 2022 second-quarter results for the three months ended March 26, on April 28. Let's look at what's expected from Apple in Q2 and why the stage seems set for another round of solid numbers from the tech giant.
When Apple released its fiscal first-quarter results in January this year, the company decided against issuing formal guidance, citing "continued uncertainty around the world in the near term." However, CFO Luca Maestri did point out on the company's January earnings conference call that Apple could "achieve solid year-over-year revenue growth and set a March quarter revenue record despite significant supply constraints."
Source Fool.com
