Despite some analyst fears that
Apple may miss Wall Street’s consensus when it reports
its quarterly earnings next week, others suggest the iPhone-maker will report near-record numbers. Stephen Rosenman of
Seeking Alpha notes that for the past nine years, the Cupertino-based company’s fiscal third-quarter earnings have topped
the preceding second-quarter earnings.
The investor highlights Apple’s history of beating unit sales
projections year after year and estimates the company will sell 63
million devices during this quarter. Rosenman predicts that Apple will
report operating income of $16.7 billion and will have earned $13.62 per
share, blowing away Wall Street’s $10.34 consensus and coming close to
its record $13.87 EPS in the first quarter. Apple is scheduled to reports it third-quarter earnings after the market closes on July 24th.
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