Apple supplier Jabil Circuit forecasts revenue above Street as iPhone 6/Plus sales continue to ramp up

“Jabil Circuit Inc., which makes phone casings for Apple Inc., forecast revenue for the current quarter to be above market estimates as sales of iPhone 6 and 6 plus continue to ramp up,” Anya George Tharakan and Subrat Patnaik report for Reuters. “Jabil Circuit shares were up 6.2 percent in extended trading.”

“Apple, Jabil’s biggest customer, had said it sold a record 10 million iPhones in the first weekend after its new, larger phone models went on sale in 10 countries in September,” Tharakan and Patnaik report. “The new iPhone has helped push Apple’s overall smartphone sales to 39.27 million in the September quarter alone.”

“Jabil said it expected revenue to rise 53 percent for the second quarter ending Feb. 28, in its diversified manufacturing services business, which makes iPhones casings,” Tharakan and Patnaik report. “The company also forecast second-quarter core earnings of 39-50 cents per share on revenue of $4.15 billion-$4.35 billion. Analysts on average were expecting the company to earn 38 cents per share, on revenue of $4.12 billion, according to Thomson Reuters I/B/E/S.”

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