Apple gave analysts no guidance last quarter—as they probably won’t again this quarter—so the analysts’ best guesses is the best we have.
Among the estimates I’ve seen so far, nobody is expecting Apple to beat last year’s earnings.
We’ll see whose estimates were closest to the mark when Apple reports its June quarter earnings after the markets close on Thursday. The earnings call with analysts will be live-streamed here at 5 p.m. ET, 2 p.m PT.
My take: If everybody weren’t in the same plague-infected boat, this would be a dreadful showing.