Earnings reports will continue with Apple being one of the heavy hitters that could help rally technology stocks further and continue to get November started in the right direction. Apple is scheduled to report its fiscal fourth-quarter earnings today.
“Apple is scheduled to report quarterly earnings on Thursday and analysts who track the company predict— surprise —that the good times are likely to continue for Apple, the world’s most valuable public company,” said Jack Nicas of the New York Times. “Sales of iPhones have leveled off in recent quarters but people have been paying more for each device, sustaining a steady growth rate for the $1 trillion company.”
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