Analysts believes Apple will defy expectations and report more iPhone sales than predicted in Q2
According to anaylists from Citi, the international financial corporation, Apple will post another record-breaking quarter results that will defy the preliminary expectations. According to Citi's Jim Suva, Apple will report a revenue of $56 billion, $1 billion more than the expected $55 billion . The analyst also predicts that the actual sold units might be 5% more than the financial world expects. What's more, earnings per share might be 2% higher than predicted despite the strong positions of the US' currency.
As a reminder, Apple's previous quarter results broke a few records - Cupertino sold more than 74 million devices and brought home $18 billion in pure profit. Cupertino is expected to release its next quarter financial report on April 27.
Suva also points that his predictions might not turn out to be true due to a handful of reasons: firstly, iPad sales have certainly suffered from the launch of the largest iPhone ever, the iPhone 6 Plus, which is said to be "cannibalizing" the sales of the iPad mini; secondly, there might be a 6% adjustment of the financial results due to the strong US dollar; last, but not least, the US-exclusive availability of the Apple Pay payment system might also deem his forecasts incorrect.
As a reminder, Apple's previous quarter results broke a few records - Cupertino sold more than 74 million devices and brought home $18 billion in pure profit. Cupertino is expected to release its next quarter financial report on April 27.
source: BusinessInsider
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