“Recent iPhone X usage data indicates that supply is improving very rapidly — perhaps even faster than Apple had expected,” Levine-Weinberg writes. “As a result, Apple’s forecast from a few weeks ago may turn out to be overly conservative.”
“Apple’s first-quarter guidance calls for revenue of $84 billion-$87 billion, up from $78.4 billion a year ago. This projected sales growth is particularly impressive because there was an extra week in Apple’s first fiscal quarter last year,” Levine-Weinberg writes. “Analysts are underestimating the likelihood of an iPhone 6-like blowout, with revenue surging well past Apple’s forecast. If iPhone X supply continues to improve, Apple could easily surpass $90 billion of revenue this quarter, powering its earnings far beyond Wall Street’s expectations.”
Read more in the full article here.
MacDailyNews Take: If so — and we’re still trying to wrap our heads around this — Apple would have generated $1 billion per day for fiscal Q118 (calendar Q417, holiday quarter)!
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]