Tony Sacconaghi, analyst with Bernstein Research, believes in a chance Apple could miss expectations, pointing to “macroeconomic weakness in China and Europe, a product cycle lull in the iPhone, a later than expected introduction of the new iPad into China, and the late quarter introduction of new Mac notebooks.”
In other news, Apple is currently suing Samsung for $2.525 billion in damages for making a smartphone and tablet device that “work and look” like Apple products, reports Jonathan Stempel for Reuters.
Apple claims Samsung owes “substantial monetary damages” because it illegally “chose to compete by copying Apple.”
Technology Select Sector SPDR
For more information on the tech sector, visit our technology category.
Max Chen contributed to this article.