Apple Set to Exceed Q3 Guidance According to Wall Street Analysts

Discussion in 'Apple iPad News' started by Maura, Jul 7, 2014.

  1. Maura
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    Maura iPadForums News Team

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    9to5 Mac reports today that many major Wall Street analysts are predicting that Apple’s Q3 results looks set to exceed even Apple’s own expectations.

    Several analysts have been laying their cards on the table recently, with Asymco’s Horace Dediu tweeting today that he forecasts that Apple will report $38.2 billion revenue, which just tops Apple’s guidance of $36-38 billion.

    Dediu says that he expect iPhone and iPad sales to have increased greatly year on year, with iPhone sales rising to 33.7 million from 31.2 million in the year-ago quarter, and iPad sales hitting 16 million, up from 14.6 million in the year-ago quarter.

    Wells Fargo analyst Maynard Um also recently forecast exactly the same figure as Dediu.

    Apple will be announcing its financial results for the quarter on July 22, so expect many more analysts to weigh in with their forecasts in the meantime while we wait to see if they’re correct.

    Source: http://9to5mac.com/2014/07/07/analysts-predicting-apple-will-beat-its-q3-guidance-of-36-38b/

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