Apple is set to release its second-quarter earnings after market close on April 30, with analysts projecting revenue of $109.5 billion and earnings per share between $1.92 and $1.94, up from $1.65 last year. The stock, currently trading at around $270, could see a 4% swing post-earnings, potentially nearing its all-time high of $286.
Goldman Sachs and Bank of America maintain bullish outlooks, with target prices of $330 and $325, respectively, citing strong iPhone sales and AI-driven upgrades as growth drivers. JPMorgan, while maintaining a $325 target, is focused on the upcoming CEO transition to John Turner on September 1. This earnings call marks a pivotal moment as Tim Cook prepares to step down, with investors keenly watching for insights into Apple's future strategy.
Apple Earnings Anticipated to Exceed Expectations Amid Leadership Transition
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