All indication is Apple will announce a great quarter. New products Apple Watch and 4" iPhone might be announced soon as well. Even if March quarter is down (and this is a big if) , it is not a big deal, previous March quarter was just too good to be followed up so quickly. It looks like WS is penalizing Apple for its success.
What bugs me about rhetoric in the press is how Apple is presented:
iPhone sales are falling,
Apple Watch is a disappointment,
iPad is fading, etc.
Everything Apple does somehow finds negative spin. Forget investors, this nonsense slowly finds its way to the heart of the consumers. People tell me all the time "haven't you heard - iPhone doesn't sell anymore, or, looking at my Apple Watch -- oh Apple didn't sell any of these, you're probably the only one".
Shouldn't press report facts? (I know they never do, but it is still annoying nonetheless).
Apple increases sales every year by a huge percentage.
Apple is doing so while keeping their margins very high.
Apple is increasing their service revenue even faster and the margins there are even better.
Apple generates huge amount of cash and that amount increases every year.
Apple returns cash to shareholders in a very efficient manner.
Apple borrows money (that it doesn't need) using their super high credit rating and uses this money efficiently, thus generating extra return on top of their business.
Apple always comes up with things that no analysts ever foresee and proves the negative ones wrong every time.