- Reports Q2 FY2020 Q2 results on Thursday, April 30, after the market closes
- Revenue Expectation: $54.99 billion
- EPS Expectation: $2.31
When Apple (NASDAQ:) releases its fiscal 2020, second quarter earnings report later today, the iPhone maker will have to show that it’s got everything in place to recover from the coronavirus-induced slowdown.
The biggest challenge facing Apple in this highly uncertain economic environment? Offering new iPhone models—the company’s iconic cash cow—that will be compelling enough for consumers to buy, even when their spending power has been severly diminished by the brutal economic downturn.
Indeed, yesterday the U.S. reported shrank at a 4.8% annualized pace in the first quarter, the biggest slide since 2008 and the first contraction since 2014, as the need to fight the coronavirus forced businesses to close and consumers to stay home.
While Apple has reopened some of its stores in Asia and factories there have resumed production, it’s…