“Wall Street expects Apple to post modest revenue and earnings growth in the June quarter, despite worries about slowing iPhone sales ahead of the launch of the company’s 11th-generation model,” Patrick Seitz reports for Investor’s Business Daily.
“Analysts say Apple is likely to give conservative guidance for the September quarter, given uncertainties around the launch date and initial supply of the rumored iPhone 8 and other new handsets,” Seitz reports. “Cupertino, Calif.-based Apple is scheduled to deliver its fiscal third-quarter results and give fiscal fourth-quarter guidance after the market close on Aug. 1.”
“Wall Street is modeling for Apple to earn $1.57 a share, up 11% year over year, on sales of $44.92 billion, up 6%, in the June quarter,” Seitz reports. “For the current quarter, analysts are looking for Apple to earn $1.85 a share, up 11%, on sales of $49.94 billion, up 7%.”
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