Analyst Predicts Record Surge in iPhone Sales for the June Quarter
Apple, believes Well Fargo Securities, driven by multiple promotions and new carrier partners, is on track to complete another record breaking quarter estimating a shipment of 36.5 million iPhones for the quarter that ended in June (via AppleInsider).
The average of Wall Street analyst’s Apple forecast, in terms of revenue, is $37.9 billion for the past quarter. However, Wells Fargo analyst Maynard Um projects even greater profits: he believes Apple may have earned as much as $38.2 billion in revenue, driven by record iPhone shipments. The figure of 36.5 million units is much higher than 31.2 million units reported the same period last year.
The analyst points to Apple’s new partners-the 16 carriers the iPhone maker has added since May, raising the total number to 332 carrier partners.
Alongside the aforementioned iPhones, Um says Apple may have sold 12 million iPads, 3.9 million Macs and 1.9 million iPods, with a gross margin of 38.3%; this is higher than Apple’s guidance of 37 to 38%.
Apple will report the last quarter’s result on July 22. For the first time since he joined Apple, we will hear Luca Maestri during the earnings call, as Peter Oppenheimer will retire in September.