“While some of Apple’s most exciting moments likely are a few more months away, there’s a growing body of evidence suggesting Apple earnings on July 22nd could contain plenty of fireworks in their own right,” Andrew Tonner writes for The Motley Fool.
“There are a number of reasons to think an Apple earnings blowout is in order, but the primary driver, as is the case with Apple’s financial performance in general, is the iPhone,” Tonner writes. “Apple has aggressively expanded the international reach of its iPhone, both in terms of number of countries in which it’s available, and also in terms of number of carriers that sell Apple’s iPhone. And, as you might imagine, broadening its potential sales base appears to have goosed overall iPhone sales.”
“In its FY Q3 report last year, Apple set a record with 31 million iPhone sales. Fast forward to today, and the average analyst estimate for Apple’s FYQ3 ’14 iPhone sales sits somewhere closer to 35 million units shipped,” Tonner writes. “Lately, however, analysts have been forecasting an iPhone blowout somewhere in excess of 36 million units sold.”
Full article, with video, here.
Related articles:
Apple to webcast Q314 earnings results conference call on July 22 – July 18, 2014
Apple’s Q314 earnings loom: What you need to know – July 10, 2014