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Apple<\/a> will today announce<\/a> its earnings for its fiscal Q3 ending in June, with the usual Q&A with analysts following immediately afterwards. It follows the company briefly hitting a $5 trillion market cap<\/a> before slipping back slightly.<\/p>\n Today will be the final earnings call with Tim Cook as CEO, and analysts aren\u2019t expecting any surprises \u2013 but there will be one very big question \u2026<\/p>\n No surprises expected<\/p>\n The company said back in April that it expected continued revenue growth in the 14% to 17% range year-on-year, and Zacks reports that the consensus expectation is almost exactly in the middle of this.<\/p>\n The Zacks Consensus Estimate for Apple\u2019s upcoming quarter\u2019s EPS and revenue is $1.88 and $108.8 billion, marking year-over-year EPS and revenue growth of 19.75% and 15.64%, respectively.<\/p>\n While that would give it a Zacks rating of a hold rather than a buy, the firm does note that Apple has exceeded its consensus estimate in each of the previous four quarters.<\/p>\n Motley Fool\u2019s<\/a> recent round up rated it a buy, but notes that the average target price is pretty much flat. The site says that\u2019s not unusual given a rapid climb in a relatively short time as there\u2019s usually a lag in analysts revising their price targets.<\/p>\n But one big question<\/p>\n Investors will be very keen to hear Apple\u2019s expectations for the impact of the new Apple Upgrade program<\/a>.<\/p>\n The company will of course be hoping that making purchases more affordable on a monthly basis will help to offset the recent price increases<\/a>, but does Apple expect it to simply stem the tide of sales that might otherwise have been lost<\/a>, or is the firm anticipating it will drive significant growth?<\/p>\n That\u2019s the question likely to drive market reaction to today\u2019s earnings announcement.<\/p>\n
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