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Could Apple’s Revenue Continue to Grow in Fiscal 2019?

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Why Apple is trading at a 52-week low

Apple (AAPL) stock has fallen considerably (~35%) since the beginning of October, from an all-time high of $233.47 to $146.83. It fell 12% last year and 18% in December. The tech sell-off, trade tensions, and concerns over Apple’s declining iPhone shipments have dragged the company’s stock down.

Has Apple stock bottomed out or will the stock fall lower? A lot depends on Apple’s quarterly results, which are set to be announced later this month. If Apple beats revenue and earnings estimates and forecasts robust revenue in 2019, its stock will undoubtedly rise and the company could soon be valued at a trillion dollars. What do analysts expect from Apple?

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Apple’s sales are expected to rise 3.6% in the first quarter of fiscal 2019

In the first quarter of fiscal 2019, analysts expect Apple’s revenue to rise 3.6% YoY (year-over-year) to $91.5 billion from $88.29 billion, and its non-GAAP EPS to rise 20.3% YoY to $4.68. While analysts are concerned about Apple’s falling iPhone shipments, the company might be able to offset this decline with higher average selling prices.

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