WHAT APPLE'S EARNINGS TELL US ABOUT THE IPHONE 8
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
Posted by Editor
on 16:26.
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