Apple is once again expected to crush Q3 with near-record earnings
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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