Analysts believes Apple will defy expectations and report more iPhone sales than predicted in Q2

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.

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.

Related phones

iPhone 6

PhoneArena Score:

9.0

User Score:

8.9
  • Display 4.7 inches 1334 x 750 pixels
  • Camera 8 MP (Single camera) 1.2 MP front
  • Hardware Apple A8 1GB RAM
  • Storage 128GB, not expandable
  • Battery 1810 mAh
  • OS iOS 12.x
iPhone 6 Plus

PhoneArena Score:

9.0

User Score:

9.1
  • Display 5.5 inches 1920 x 1080 pixels
  • Camera 8 MP (Single camera) 1.2 MP front
  • Hardware Apple A8 1GB RAM
  • Storage 128GB, not expandable
  • Battery 2915 mAh
  • OS iOS 12.x

FEATURED VIDEO

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.
FCC OKs Cingular's purchase of AT&T Wireless