• Investors Eager to Find Out About Apple's iPhone Sales Ending September Quarter

    Apple on Tuesday will be revealing the companyís sales report for the September quarter and investors are eager for the results. It has been said that Apple is expected to have sold a record sales of 47.8 million iPhones. Analyst Gene Munster of Piper Jaffray recently shared some market consensus estimates and apparently Apple is expected to have a revenue report of $51 billion with a 39.3% in gross margins for the three-month period.

    A record number of 47.8 million iPhones will exceed well over the 39 million iPhone 6 and 6 Plus units the company sold during the same time in 2014. As for iPads, Wall Street is expecting sales of 10.5 million and 5.7 million Macs. During the same quarter last year however, the Cupertino-based company sold 12.3 million iPads and 5.5 million Macs.

    Munsterís estimates are a bit higher than Wall Streetís with expectations of 48-49 million iPhones sold. According to Munster, he believes holiday sales for the new iPhones wonít be as bad as other investors are making it out to be. Most believe sales will be down year over year, whereas Munsterís belief is very different than what investors assessed, as he believes sales will actually increase by 3%.

    Source: Fortune
    This article was originally published in forum thread: Investors Eager to Find Out About Apple's iPhone Sales Ending September Quarter started by Akshay Masand View original post
    Comments 1 Comment
    1. steve-z17's Avatar
      steve-z17 -
      My guess is close to One billion gagillion fafillion shabadabalo shabadamillion shabaling shabalomillion yen!
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