“Apple announces its fiscal third-quarter earnings on Tuesday, and — as usual — all eyes are on how well the iPhone is selling,” Josh Lowensohn reports for CNET.
“Reports from some phone carriers have provided a peek at Tuesday’s results, specifically Verizon, which reported iPhone sales last week that were higher than the carrier originally expected,” Lowensohn reports. “Wall Street is expecting Apple to post earnings of $7.31 per share on sales of $35 billion for its quarter, which ended in late June. Those estimates are on the higher end of how much Apple said it expected to bring in when it reported on its previous quarter back in April — a range of $33.5 to $35.5 billion in sales.”
Lowensohn reports, “Wall Street is expecting Apple’s sales to work out to around 26.5 million iPhones, which would be half a million more than the company sold during the same time last year. Similarly, Apple is expected to sell 18 million iPads, around 1 million more than last year”
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