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Apple quarterly results predicted to beat expectations

Apple quarterly results predicted to beat expectations

Apple looks set to once again deliver record quarterly results, if predictions from Wall Street analysts are on the money.

The Cupertino company is due to deliver its official results on July 21st, having forecast earlier this year that it would make between $46 billion and $48 billion in revenue, with a margin of around 39%.

As is Apple's wont, it did not reveal sales predictions.

Analyst Neil Cybart, however, reckons Apple could be looking at sales of 49.3 million iPhones. That's a jump of 40% year–on–year and a sign that demand for the larger screen phones shows no sign of abating.

He also reckons Apple’s revenue for the period will be closer to $50 billion, with smartphone sales offsetting a slide of 24% in demand for iPads.

Global bank UBS is even more optimistic, claiming Apple will top $52 billion in revenue on the back of 51 million iPhone sales.

Interestingly, it appears that the Apple Watch will not be given detailed sales figures and will instead be grouped alongside ‘Other Products’ such as Apple TV.

While predictions point to around four million units sold, Apple’s decision not to release specific stats while only spark more debate about whether the wearable has been a success.

A report earlier this month suggested sales were down by 90%.

Source:

MacRumors

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