“Apple will likely report a 2Q15 beat to consensus EPS of $2.14 this coming Monday on strong revenue growth (up 24% from last year) and margin trends (41.0% vs. 39.3% last year),” Neil Cybart writes for Above Avalon.
“While recent iPhone sales share in the U.S. and Europe appear slightly ahead of previous years, strong sales in China will be the primary driver behind 35% growth in iPhone unit sales,” Cybart writes. “In addition to earnings, Apple is expected to announce an updated capital return program.”
“The Mac and iPad are becoming less of a factor for earnings as those two product categories now represent a smaller percentage of Apple’s overall business,” Cybart writes. “It will be difficult to get Apple Watch sales expectations from guidance, but management may give commentary on how the Watch launch is proceeding.”
Read more in the full article here.
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