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In January, Apple, the world's most valuable publicly traded company, forecast its first revenue drop in 13 years and posted the slowest-ever increase in iPhone shipments, suggesting the technology company's period of exponential growth may be ending. So there's not going to be a surprise when the forecast is borne out. Scott Fullman, chief strategist at Revere Securities LLC said that Apple has been talking about this for a long time. Apple shares are down about 20 percent over the last year, compared with a 1.1 percent dip in the S&P 500 index .SPX.


Some investors are willing to look past a weak earnings report and focus on future quarters. So it'll all come down to the guidance for fiscal Q3 that Apple's CFO Luca Maestri provides and whether or not there's a little sugar coating with a possible increase in dividends and buybacks.


According to the Reuters report "The stock's 30-day at-the-money implied volatility, a gauge of the risk of large moves in the shares, is at 28.4 percent, about the lowest it has been ahead of earnings for the last six quarters.


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