NEW YORK ( TheStreet) -- Apple ( AAPL) reports second-quarter earnings after the close of trading today, and given the recent volatility, it makes one wonder if Apple has something up its sleeve.
The shares have dropped 13% from a high reached earlier this month. Apple topped $600 billion in market value before the sell-off. Still, Apple's stock is up 40% this year.
Concerns about iPhone sales have mounted, when Apple supplier Qualcomm ( QCOM) said it's seeing supply constraints for its 28 nanometer (NM) chips during its second-quarter earnings call. There may be hope for investors, though, according to Bespoke Investment Group. Bespoke notes Apple has beaten estimates 24 out of the past 25 times, and has gained on average of 2.1% the following day. Bespoke also notes Apple has gained an average of 2.7% on its report day when it has been down over the prior 10 days. TheStreet wants to know where you think Apple's stock will be trading 24 hours after earnings. Vote in the poll, and the results will be up tomorrow. Analysts polled by Thomson Reuters expect Apple to report earnings of $10.02 per share on $36.69 billion in revenue. Shares of Apple closed lower Monday, off 0.2%, to finish at $571.70. Interested in more on Apple? See TheStreet Ratings' report card for this stock. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices. -- Written by Chris Ciaccia in New York >To follow the writer on Twitter, go to http://twitter.com/commodity_bull. >To submit a news tip, send an email to: firstname.lastname@example.org