Apple is scheduled to report earnings after today's close, and its share price had been trading firmly ahead of the announcement. The market is focused on the stability of free cash flow and the performance of new products.
Apple is scheduled to report earnings after today's close, and its share price has continued to rise, gaining approximately 25% from its June low. Its market capitalization has increased by approximately $1 trillion, reportedly overtaking Nvidia to reclaim the top spot by market capitalization.
Investors view the earnings report as a source of reassurance for the market, supported by Apple's ability to generate stable free cash flow. At the same time, the stock's overbought condition has reached a high level, raising awareness of the risk of a sharp decline if the earnings results fall short of expectations.
The key focus of this earnings report is the performance of the new foldable smartphone, “iPhone Duo,” launched last month. It carries a high price of $1,999, and initial demand is reportedly strong, although concerns have also been raised about supply constraints and display defects.
Overall, Apple's strong free-cash-flow generation is supporting the share price, while the key question is whether the earnings results will satisfy the market's growth expectations.