Apple's third fiscal quarter could be another barn-burner for the idevice maker.
Despite back-to-back earnings reports that revealed much higher than expected iPhone sales, don't be surprised if Apple pulls off a three-peat.
UBS analyst Steven Milunovich believes that Apple will report its June quarter iPhone demand at 51.1 million units -- that's above the more conservative estimates of 45 million seen elsewhere.
Citing the "UBS Evidence Lab iPhone Monitor" -- which "tracks consumer demand while Apple reports sell-in" -- the analyst doesn't see any reason to believe that iPhone sales will dip any time soon.
"Milunovich also noted that his model suggests iPhone average selling prices will experience a 4 percent year-over-year headwind due to the continued strength in the U.S. dollar," explains Benzinga. "Of note, the dollar is 35 percent stronger against the real and 18 percent stronger against the peso year-over-year."
Source: Benzinga
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