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U.S. Day Ahead: iPhones set to drive up Apple's profits

Wednesday, October 24, 2012 - 02:34

Oct 24 - Apple is expected to see its profits grow thanks to the runaway success of its iPhone. But analysts are concerned it may miss its iPad sales target.

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Markets have stabilized for now after Tuesday massive sell off but -- deep and it is far from over. Another 10% and the S&P 500 reports on Thursday which means more potential for some nasty surprises. The one company that stands out among the avalanche Ernie apple after the close. It's tightening is to see its profits grow things to the runaway success of its iPhone. CEO Tim Cook is probably hoping the numbers will reverse the company's unexpected tumble apple is down 13% since its all time high in late September. -- will also ask cook about that you iPad mini which was nice for me crazy. Also there's talks about apple may think it's overall iPad sales target. Apple's rival Amazon also tell us how it did in the third quarter. Big question and -- just -- -- be able to convert the company's revenue growth into actual profits. The online retail giant is expected to post a lot this time around had been in that and -- product. But not be enough to keep shareholders happy experts star -- the stock is way overvalued and should be training at a thirty dollars. -- mining Amazon's PE ratio is 287. That's almost twenty times higher that the S&P 500. Towards our coverage be sure to catch -- -- showed tech witty each weekday afternoon on insider. We'll finally New York Times earnings call is likely to have as much boardroom drama. As financial figure is exact lots of questions from investors about the viability of incoming CEO and former BBC chief Mark Thompson. The times public editor has already half the weather Thompson. To serve given it's sex abuse scandal and roiling the BBC. Surprisingly on the up more have been sentenced in New York Times here right. Is up 40% since the beginning of the year. -- -- -- insider and Reuters TV for more on the big market movers Thursday we have an interview with Microsoft -- Steve Ballmer. I had the lines of the new windows eight and the service tablet will ask him how he plans to break the world apple iPad addiction. And about not enough we have a one on one with black cracked the ahead of the largest money managers that's what -- -- Clinton gets sorted out. Get ready for a possible decade long bull run equity. I'm putting on this is greater.

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U.S. Day Ahead: iPhones set to drive up Apple's profits

Wednesday, October 24, 2012 - 02:34