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WHAT APPLE'S EARNINGS TELL US ABOUT THE IPHONE 8


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The iPhone 7 and 7 Plus may see it's future sibling sooner than many expected.  Sarah Tew/CNET
Apple's next iPhone may arrive on time after all. 
Maybe. 
Going into Tuesday's earnings report, most expected Apple to delay the launch of its next flagship iPhone, with rumors calling for an October release date, if not later. But the normally conservative Apple surprised everyone by offering a cheery forecast for the current quarter, with revenue ranging from $49 billion to $52 billion, above Wall Street's forecast of $49.2 billion. 
That forecast is important because it suggests that some sort of new iPhone will launch in the period, which runs until the end of September. Otherwise, there's no way its existing product line could generate those numbers, which represent an increase over the $46.9 billion it posted a year earlier. 
"There's simply no way to achieve the kind of growth their guidance suggests without that," said Jan Dawson, an analyst at Jackdaw Research.
CNET NEWS

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