Apple reports fiscal second-quarter earnings after the closing bell on Tuesday, May 1. In fiscal Q1, iPhone revenue was up 13% year-over-year to $61.58 billion, driven by higher average selling prices, while iPhone units declined 1% year-over-year. Other products, which includes Apple TV, Apple Watch and Beats products, among others, grew 36% year-over-year to $5.49 billion in fiscal Q1. Apple Earnings and Revenue EstimatesFor fiscal Q2, Apple is expected to report adjusted EPS of $2.69 on revenue of $61.1 billion, according to third-party consensus estimates. Apple Options Trading ActivityAround the upcoming earnings release, options traders have priced in about a 4% stock move in either direction, according to the Market Maker Move indicator on the thinkorswim® platform.

Source: Forbes April 30, 2018 14:37 UTC