Today's Apple earnings report expected to show rebound numbers on strength of iPhone and services

By Gadjo Cardenas Sevilla

Apple will conduct its 2017 Q2 Earnings Call later on today and the company, who has reported year-on-year revenue declines for the past three quarters, is expected to rebound and announce it has hit revenue targets. Analysts speculate on Apple's rebounding due to iPhone 7 sales during the holidays as well as a surge in revenue from Apple's various services including Apple Music, iTunes, Apple Pay and other service complementary to Apple's ecosystem.

"With the stock trading at around $121, we believe Apple is fully priced. Today's earnings report will be of special significance since it is the first report to include a full quarter of Apple's newest flagship device, the iPhone 7," explains Investing.com Senior Analyst, Clement Thibault.

This is historically Apple's strongest quarter and one that it tries very hard to compete in with a good product mix, Hot items during the holiday season aside from iPhones were the company's bluetooth AirPods, which were in short supply, and its new MacBook Pro with Touchbar notebooks.