The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics relating to their 10-Bagger portfolio.
Last quarter, Apple reported record earnings, with net profit increasing 94%. Motley Fool CEO Tom Gardner said that it "may have been the greatest quarter in American corporate history." Tomorrow, the company reports its third-quarter results, and investors are expecting another big quarter. David thinks Apple will report solid iPhone sales, even ahead of its iPhone5 release. Nokia and Research In Motion have been reporting weakness, so that might actually be a good sign for Apple. David also thinks iPad sales should come in higher than expected. The launch of Google's Nexus 7 might worry Amazon.com, but it's unlikely to have a meaningful impact on Apple. Finally, David thinks there’s a possibility that investors could learn of a dividend increase. All in all, John and David expect to hear good things from the company and think it's a good buy for investors.
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John Reeves owns shares of Apple and Google. David Meier owns shares of Apple. The Motley Fool owns shares of Apple, Amazon.com, and Google. Motley Fool newsletter services recommend Amazon.com, Apple, Google, and Nokia. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.