Apple's earnings beat Wall Street expectations by 8 cents a share. It also reported slightly better-than-expected sales.
Apple will report its fiscal third quarter results after the market closes Tuesday. Analysts expect it to show its profit fell from a year ago.
Apple says services are its future. But a Supreme Court ruling Monday could ultimately harm the biggest part of its services business — its App Store.
Apple has scheduled an event on its campus on March 25, and new video streaming and news services are expected to headline the keynote.
Even if it becomes far bigger than Netflix, it still won't make up for the iPhone's decline, Jefferies Tim O'Shea said.
