1 Incredible Reason to Buy Apple Stock Before It Reports Earnings on July 30
Apple's consumer products, including the iPhone, could be reasons to consider the stock ahead of its next earnings report.
Overview
Count Apple (NASDAQ: AAPL) among the bellwether companies reporting earnings this week. The iPhone maker is scheduled to deliver fiscal third-quarter results on Thursday, July 30, and analysts are calling for earnings per share of $1.88 on sales of $108.8 billion.
Of course, Apple is a tech stock, but its consumer tie, which is nearly unmatched in the tech sector, may be a reason to buy the stock ahead of earnings. Last month, CEO Tim Cook said Apple is planning price hikes on some devices to offset soaring semiconductor costs for memory.
Apple stock could be worth loving into earnings if consumer demand is strong. Image source: Getty Images
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Originally published at www.fool.com.