Apple Inc. (NASDAQ:AAPL)Information Technology – Computers & Peripherals | Reports August 1
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).
Investors are usually quite ecstatic about new iPhone releases, however the complexity in the new phone’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 it can increase sales in China by addressing political and legal barriers like removing certain apps that would allow users to evade government firewalls. Furthermore, Apple is looking to strengthen its iPad sales by releasing its lowest-priced tablet yet. Finally, it will be interesting to see how Apple’s HomePod speaker fairs in comparison with its rival, the Amazon (NASDAQ:AMZN) Echo.