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Tech Stocks to Short: Apple (AAPL)
What Apple Inc.’s Deal For Shazam Means for AAPL Stock
Apple Inc. (NASDAQ:AAPL) shares have fallen back below their 200-day moving average after a key semiconductor supplier warned of tepid demand for ultra high-end smartphones last week — casting a pall on the $999 iPhone X as we head into a mid-cycle refresh later this year.
Consumers just aren’t that excited about shelling out that kind of cash for incremental improvements.
Which will make a planned “iPhone X Plus” model with a larger screen (and a larger price tag) a tough sell.
The company will next report results on May 1 after the bell. Analysts are looking for earnings of $2.69 per share on revenues of $61.1 billion.
When the company last reported on Feb. 1, earnings of $3.89 beat estimates by four cents per share on a 12.7% rise in revenues.
Source: Investor Place