Can Apple Continue to Exceed Expectations?
Apple (AAPL):
Information Technology - Computers & Peripherals | Reports August 1st, AMC.
The Estimize consensus calls for EPS of $1.61, four cents higher than the Wall Street consensus and an increase of 13% YoY. Currently, the Estimize community is looking for revenue of $44.86B, which is roughly inline with the Street ($44.71B). Visit the Estimize site to see our predictions for iPhone Sales, iPad Sales, Mac Sales, and Gross Margins.
Investors are usually quite ecstatic about new iPhone releases, however the complexity in the new iPhone’s features may cause issues with mass production. Analysts are predicting iPhone sales to be relatively muted from consumers holding out until the new iPhone 8. Apple hopes they can increase sales in China by addressing the political and legal barriers. Such as removing certain apps that would allow users to evade the government firewall. Furthermore, Apple is looking to strengthen their iPad sales by releasing their lowest-priced tablet. Finally, it will be interesting to see how Apple’s HomePod speaker fairs in comparison with the rival technology Amazon Echo.
