The ingredients are in place for Apple to report an all-around solid Q318

“The ingredients are in place for Apple to report an all-around solid 3Q18. If Apple reports more than $52.5B of revenue, 3Q18 would mark the company’s seventh consecutive quarter of accelerating revenue growth,” Neil Cybart writes for Above Avalon. “A higher iPhone average selling price (ASP) driven by iPhone 8, 8 Plus, and X will likely represent the largest driver behind Apple’s year-over-year revenue growth. Services and wearables are positioned to represent Apple’s second and third largest revenue growth drivers, respectively. ”

“My 3Q18 iPhone sales expectation range is for Apple to report between 41M and 45M units,” Cybart writes. ” If Apple reports close to $4 billion of “Other Products” revenue, the implication is that Apple Watch and AirPods were strong sellers in 3Q18. In addition, Apple would have likely sold a respectable number of HomePods. A result closer to $3 billion of revenue would reflect somewhat weak wearables sales. ”

Cybart writes, “Revenue guidance that exceeds $60 billion would be viewed favorably while revenue guidance closer to $56B to $57B would likely lead to analysts wanting additional clarification from management on the earnings call.”

Read more in the full article here.

MacDailyNews Note: As usual, we’ll have Apple’s results just after market close tomorrow. Check our homepage right around 4:30pm EDT.

SEE ALSO:
Apple’s Q318 earnings: Expect strong services revenue – July 30, 2018
Apple’s earnings: New all-time high coming? – July 30, 2018
Analyst: 2019 iPhone demand the real story in Apple’s Q318 earnings call – July 30, 2018

5 Comments

  1. Let’s hope it’s enough to drive the share price up to around $195. I’m not asking for a lot. I know $1T isn’t in the cards this quarter.

    1. Wow wow, first time ever Laughing boy48 was not whining about Apple.
      Which is a wonderful signals that Apple would spike to the upsides tomorrow afternoon. 😃👍
      Long APLE, GLTA.

  2. Never thought, long ago, Apple services would bring in the billions.

    The day may come when Apple is a services company that also makes computers and earphones and phones.

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