3 Things to Watch in Apple’s Earnings Report on Tuesday

Apple (AAPL) - Get Report will report fiscal second quarter earnings on Tuesday, after the markets close. Analysts expect the Cupertino, Calif.-based technology giant to post net income of $2 a share on sales of roughly $52 billion. During the same quarter last year, Apple reported earnings of $2.33 with revenue of $58 billion. S&P Global Market Intelligence analyst Angelo Zino, who maintains a STRONG BUY rating on Apple, will be watching iPhone revenue during the quarter. 'When we look at the year-over-year results, we're actually looking for iPhone shipments to decline about 17 percent, and overall revenue to decline about 10 percent,' he said. TheStreet's Scott Gamm has details from Wall Street.