Investors hoping for some excitement and the corresponding volatility in Apple Inc. 's stock may be out of luck in the near term.According to UBS' Steven Milunovich, many Apple investors remain focused on fiscal 2018, which corresponds with the launch of the new iPhone. This naturally means that Apple's earnings report prior to the new iPhone launch will be "less important than usual."Q2 ExpectationsApple is scheduled to report its fiscal second-quarter earnings report on May 2 after market close. While the analyst believes it will be "mostly uneventful," there are some key metrics for investors to look out for, including: Whether iPhone sales move up or down year-over-year.Commentary out of China and any signs of a return to growth next cycle.What impact the strong dollar has had on gross margins and rising input costs.Whether the iPad rebound after a 19 percent unit decline in the prior quarter.Third-quarter guidance.Read more