The recent sell-off has shaved the tech-heavy ETF’s year-to-date gain down to 0.5%, according to Morningstar.
The MacBook Air refresh could ramp units to as high as roughly 1.5 million per quarter, or about 50% of the MacBook business, Deutsche Bank analysts estimated in a recent note. They forecast the MacBook Air update could add another 10 cents a share to Apple earnings.
Apple shares were up nearly 1% in premarket action Tuesday.
PowerShares QQQ
