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.

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18 Comments

1. AMERICANPATRIOT

Posts: 54; Member since: Mar 20, 2015

Damn!! I love USA!! Damn!! I love Apple!!

2. HugoBarraCyanogenmod

Posts: 1412; Member since: Jul 06, 2014

Damn!! Typically Americunts' comments

3. Awesoman64

Posts: 292; Member since: Mar 18, 2015

Dang typical Mindless Fanboy

4. Kruze

Posts: 1285; Member since: Dec 30, 2014

Damn!! No one gives a shit.

10. Liveitup

Posts: 1798; Member since: Jan 07, 2014

So many blind Apple worshippers.

16. amasog

Posts: 552; Member since: Aug 22, 2013

just like gullible fandroids,,,they are so many!!!

11. AppleCultist

Posts: 335; Member since: Feb 18, 2015

Apple doesn't invest much in the US. Most of their profits get shored up in Ireland and the remaining go to buy components made by Korean companies. Apple has invested more in the Korean economy than the US economy. The "Designed in Cupertino" logo is just a marketing gimmick to get patriotic Americans to buy their crap. The only thing Apple has done for the US is building an army of low-wage tech support workers.

5. seven7dust unregistered

iPhone sales are now all about china nowadays ! this quarter had many festivals ,so I expect good things for Apple in Q2 ,looks like Apple needs to keep track of all the chinese festivals -:)

6. Awesoman64

Posts: 292; Member since: Mar 18, 2015

I just hope that their upcoming devices deserves its price. Then we can applause Apple

7. seven7dust unregistered

not sure about Apple watch sport , but the gold watch is definitely not worth it , whichever way you strech it ! plus the stainless steel one being 900$ is complete B.S. I wanted that, but am getting a sport , depends on how it feels , need to spend time to decide. Also eagerly waiting for the 6c , my Mom/sister don't like big smartphones. hope it's priced like the 5c !!!

13. Awesoman64

Posts: 292; Member since: Mar 18, 2015

Seriously, the gold watch even broke the B.S. Meter. Plus, I dont purchase gimmicks. Im also waiting for the 6c:D

8. Iodine

Posts: 1493; Member since: Jun 19, 2014

Possbly the second biggest quarter Apple ever had

9. TBomb

Posts: 1560; Member since: Dec 28, 2012

My prediction: Apple will not meet expectations.... But then again I could be wrong because there are factors outside of my control in the world. I should be an analyst.

14. Awesoman64

Posts: 292; Member since: Mar 18, 2015

Good luck with that

17. TBomb

Posts: 1560; Member since: Dec 28, 2012

I was making a point that the CIti Bank analyst basically said "I think Apple will do great this quarter but I also think they will not do as good as I think because there are other factors" It's like saying "I think the answer is True... but I'm also going to guess False so I can't be wrong." With that type of answer anyone (including myself) can do that job. See comment #12 for another person who sees it this way.

12. LiquidGalaxy

Posts: 332; Member since: Jul 03, 2013

So basically - they might exceed expectations....or they might not....Wow, great stuff fella, consider me informed...

15. amasog

Posts: 552; Member since: Aug 22, 2013

who expect? analyst. who defy? analyst. LOL!

18. ibap

Posts: 867; Member since: Sep 09, 2009

What a mess of doublspeak. Is this kind of info worth anything at all? NO!

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