Today's Apple earnings report expected to show rebound numbers on strength of iPhone and services
Tuesday, January 31, 2017 at 10:15AM 
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.