“Apple is expected to post somewhat muted fiscal Q3 earnings after the close Tuesday, ahead of its expected September or October launch of its new handset, likely called the iPhone 6,” Brian Deagon reports for Investor’s Business Daily. “Analysts expect Apple to report Q3 revenue of $38 billion, up 7.6% from the year-earlier quarter and ahead of its 5% year-over-year growth in the previous quarter. Earnings per share minus items are seen at $1.24, up 16%, according to analysts polled by Thomson Reuters.”
“iPhone sales will be down 18% from the prior quarter to 36 million units, estimates Sherri Scribner, an analyst at Deutsche Bank Markets Research, ahead of the new iPhone debut. Wall Street’s average estimate is for 35 million unit sales,” Deagon reports. “‘With new iPhones expected to be launched in September, we expect a typical pause in iPhone sales, although new carrier relationships could provide upside to expectations,’ she wrote.”
Deagon reports, “Apple is expected to introduce two new screen sizes with its next iPhone, a 4.7-inch phone and a 5.5-inch model.”
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