What Wall Street expects from Apple's earnings call today
Jan 31, 2017, 18:03 IST
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Apple reports earnings for its first quarter of fiscal 2017 after market close today. It's the holiday quarter, which is always Apple's biggest.
Investors are expecting its revenues, which have declined year-on-year for the past three consecutive quarters, to rebound this quarter.
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But they will also be focused on whether its services business - the App Store, Apple Music, and Applecare warranties - is becoming Apple's second firehose of profit after hardware sales.
Here we map out analyst estimates going into Tuesday's earnings.
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- Consensus revenue: $77.4 billion
- Consensus EPS: $3.23
- Consensus 12-month price target: $133