Will Apple Miss on Earnings This Week?

Apple (NASDAQ: AAPL) is set to report fiscal fourth-quarter earnings results on Thursday, but investors should temper their expectations. The COVID-19 crisis impacted Apple's supply chain earlier this year and led to delays in final testing, which subsequently pushed back the production schedule by a few weeks. Morgan Stanley analyst Katy Huberty released a note last week warning that analysts' expectations for the iPhone remain too high.