All eyes on Apple earnings after the bell

All eyes are on Apple Thursday as the company is set to report fiscal first quarter results after the closing bell. Wednesday’s Federal Reserve decision to hold U.S. rates at 5.25-5.5% weighed on pre-market trading.
Marc Jones for Reuters:
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In a media conference, Fed Chair Jerome Powell flatly stated a cut as early as March seemed unlikely, but also conceded that everyone on the committee was looking to ease this year.
At the Bank of England on Thursday, six of its nine rate setters had voted to keep borrowing costs at 5.25% but with two voting to hike and one voting to cut it was first three-way split since 2008 financial crash.
Apple’s iPhone sales are expected to have seen the best growth in five quarters. But analysts see a tough year for the company in China…

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MacDailyNews Note: Apple is expected by Wall Street analysts to post quarterly earnings of $2.09 per share, reflecting a year over year increase of 11.2%. Revenues are forecasted to be $117.62 billion, an increase of 0.4% YoY.
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