NEW YORK (TheStreet) -- Apple (AAPL) - Get Report 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.
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
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.
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
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.
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Written by Chris Ciaccia in New York
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