Last week, Apple confirmed that it will hold its quarterly conference call for the third fiscal quarter of 2013 on July 23rd. Per the usual routine, Apple CEO Tim Cook and CFO Peter Oppenheimer will provide insight into the company's performance over the last three months.
And there's a good chance that performance won't impress.
In recent days, Forbes reported Monday, "new ominous data points for Apple" have emerged that could indicate Apple will disappoint investors and Wall Street in two weeks.
First Samsung reported lower than expected earnings estimates. Galaxy S4 from Samsung is the main rival of iPhone 5... Taiwan’s HTC, another big player in the high end smartphone market, also reported lower than expected earnings.
According to Forbes contributor Nigam Arora, if Apple were to report earnings close to the low end of estimates, the stock has further to fall. Fortunately, however, Arora thinks that the next major sell-off could represent a golden opportunity for bottom-picking market watchers and investors.
"If such a fall were to occur," he writes, "in my analysis it will be a buying opportunity as the fall will mostly complete a transition of Apple stock ownership from growth investors to value investors."
Shares of AAPL closed at $415.05 on Monday.