The Apple Q2 2009 Earnings Conference call takes place Wednesday 5pm EDT/2pm PDT. Apple is providing a live QuickTime stream.
The Apple stock has done quite well despite the bad economy in the last months. According to Reuters, Wall Street analysts expect sales to rise by about 6% to $7.95 billion, while net profit is expected to slip around 6% to $1.09. Analysts expect a 33.1% gross margin, up slightly from a year ago.
Apple manages to stay attractive for investors as the hype machine is growing for the new iPhone 2009 launch in June. As long as there is fantasy that the new iPhone will be a huge hit the Apple stock will rise even higher. Piper Jeffrey analyst Gene Munster sees still a $180 price target for the Apple stock according to CNN.
You can watch the Apple Q2 Earnings call live on the Apple site.
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