Apple (AAPL) reports earnings Wednesday after the market close. Wall Street is not expecting particularly impressive results. The focus of most Apple investors appears to be on the new products Apple is expected to roll out in the second half of this year.
And those products are indeed critical for the company and its stock price.
A few years ago, Apple was one of the greatest growth stories in the stock market. For more than a decade, the company astounded Wall Street with one smashing quarter after another. Eventually, Apple's lead in smartphones and tablets seemed insurmountable, and Apple's stock price soared above $700 per share.
But then the premium smartphone market hit maturity, and smaller, cheaper tablets began to gobble up more and more market share.
And now Apple is no longer a growth company.
In fact, based on Wall Street's estimates for this quarter, it's a shrinking company. GeneRead More »from It's put up or shut up time for Apple