Ahead of the Bell: Apple to post 2Q earnings
Apple Inc., maker of Macintosh computers, iPods and the iPhone, is expected to report a small drop in quarterly earnings after the closing bell Wednesday as the economic downturn and an anticipated replacement for the iPhone compounded a seasonally slow quarter.
Analysts surveyed by Thomson Reuters expect Apple ( AAPL - news - people ) to earn $1.09 per share on $8 billion in sales.
U.S. Mac shipments slipped about 1 percent in the quarter, according to researchers at IDC and Gartner Inc. ( IT - news - people ) Analysts are divided on whether the Cupertino, Calif.-based company sold as many iPods, iPhones and Macs as expected.
Investors will parse Apple executives' comments for evidence that a new iPhone is being readied for June. Rumors point to an announcement at a developer conference.
They'll also be looking for word that Chief Executive Steve Jobs will return from medical leave at the end of June as planned. Jobs, a survivor of pancreatic cancer, in January said his health problems were more complicated than an easily treatable hormone imbalance.
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