Apple Inc (AAPL) Earnings Preview: Will Tech Giant Beat Estimates In Fourth Quarter?

Category: Technology / Oct 28, 2013 12:49PM EDT

Keith Bliss, senior vice president and director of sales & marketing at Cuttone & Co., Inc. weighs in on Apple Inc.'s (AAPL) fiscal fourth quarter earnings released after the closing bell on Monday.

Apple Inc. (NASDAQ: AAPL) is expected to report fiscal fourth quarter earnings of $7.93 per share on revenue of $36.8 billion, compared with earnings of $8.67 per share on revenue of $36 billion in the same year-ago period, according to Reuters. Wall Street expects the tech giant to post sales of 33 million to 36 million iPhones in the quarter that ended in September. 

On Monday, shares of Apple edged up 0.53 percent to $528.75 in afternoon trading.