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Apple Reports Earnings on Wednesday. Here’s What to Expect. – Barron’s

Expectations on Wall Street have been steadily ratcheting higher, with particularly high hopes for iPhone sales.

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Apple
heads into its December quarter financial results with its stock sitting at an all-time high. Expectations on Wall Street have been steadily ratcheting higher, with particularly high hopes for iPhone sales after the company kicked off initial sales of the iPhone 12 lineup in the middle of the quarter.The Street also has high hopes for MacBook sales, driven by the debut of the first laptops powered by Apple-designed processors, and a continued tailwind from the pandemic-driven work-from-home…

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