Apple Eyes $1 Trillion Market Cap

Amazon, Alphabet  will quickly follow

Apple Inc. reports its third-quarter (Q3) numbers after the market close this Tuesday in New York amid a fair bit of turmoil for the “FAANGs”. The results though are not expected to produce the kind of downbeat surprise seen from Facebook and Netflix. Instead, the market expects a steady-as-she-goes performance and some positive guidance for the fourth quarter (Q4) and beyond.

Looking back first at the second quarter (Q2), Apple, headquartered in Cupertino, California, did better than many had feared. But it was the capital return program that was probably most appealing to investors. Revenues and earnings per share (EPS) slightly beat forecasts, although iPhone sales did fall a tad short.

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