“Consensus estimates for Apple Inc.’s (AAPL) upcoming quarter are a tepid $10.34, all the more surprising coming after last quarter’s blow-out $12.30,” Stephen Rosenman writes for Seeking Alpha.

“Analyst forecasts represent a sharp departure from the historical norm: Apple’s third-quarter profits have been greater than the preceding second-quarter earnings nine years in a row,” Rosenman writes. “udging by their predictions, analysts are expecting a miserable earnings report — a clear belief that Apple’s juggernaut growth is faltering.”

Rosenman writes, “The analysts are way off-base: Apple is going to report near-record earnings and sales in the upcoming quarter. Once again, Apple will print a blow-out quarter, clobbering analyst forecasts.”

Read more in the full article here.