Apple may be about to release a new earnings report, more than expected, next week, thanks to strg iPhone sales and booming Apple services.
With the release of Apple’s results for the third quarter of fiscal 2018, scheduled for July 31, Robert Cihra, an analyst at Guggenheim Partners, is planning a strg new quarter for Apple with 43 milli iPhones sold.
Guggenheim Partners raised revenue estimates for Apple in the third quarter to $ 52.9 billi. The company previously had revenues of $ 52.4 billi. The average sale price of iPhones could increase by 14% year-year, according to the company’s forecasts.
“Investors have not seemed too impressed by the adopti of the iPhone X so far,” wrote Cihra in his note obtained by AppleInsider. “But we think they should be much more impressed by Apple’s ability to get ASP figures without impacting market share in a growthless smartphe market, illustrating the power of its high-end demographic market.” . ”
Service revenues are expected to increase by approximately 28% from the third quarter of 2017. Apple could garner a total of $ 9.3 billi, of which 38% comes from the App Store.
Cihra predicts that the 2018 iPhone lineup will arrive in late September, by which time the company will generally release new iPhones. He also thinks that Apple could release a new naming cventi for the iPhone. Instead of typing a number the 6.1-inch LCD iPhone, Cihra thinks that Apple will simply call it “iPhe.”