Considering shares have climbed nearly 30% over the last 3 months, how should play Apple ahead of earnings?
The iPod and iPhone maker reports quarterly results on Monday after the bell and what a quarter it’s been.
Over the last 3 months, Apple CEO Steve Jobs made his first high-profile appearance, following a liver transplant in the spring. He unveiled new iPods, including a Nano with a built-in video camera, and announced a new version of iTunes.
The company also released a new version of the Mac computer operating system, Snow Leopard, and research groups IDC and Gartner reported Apple gained computer market share in the U.S. during the period.
Apple also announced it would start selling iPhones in China with wireless carrier China Unicom.
What should you expect?
Morgan Keegan analyst Tavis McCourt tells Fast Money that he expects results will show Apple did well across the board. He believes that the new version of Snow Leopard jolted Mac sales more than expected, though iPods may fall short of expectations.
However, overall, he expects Apple to handily beat the average Street view.