Apple’s Increased Off-Balance Sheet Hints at Major ‘iPhone 6s’ Launch: Analyst


Analysts such as Morgan Stanley’s Katy Huberty have analysed Apple’s 10-Q filing from this week, digging for any hints at Apple Watch sales, only to find information about the next-generation iPhone launch: As of the end of June, Apple had $26.5 billion in liabilities, a noteworthy increase compared to last year, which suggests a massive iPhone 6s launch, says Huberty (via AppleInsider).


The $26.5 billion represents a 26% increase year-over-year and 15% sequential growth, which means Apple is preparing for growth in iPhone sales year-over-year, which could calm some Wall Street rumours suggesting that iPhone 6s sales could slow down as the device is almost identical to the iPhone 6.

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Another noteworthy element highlighted by Huberty is that $22 billion of the commitments were specifically related to outsourcing and components, up 41% year-over-year and 14% from the previous quarter.

In the light of the above numbers, Huberty foresees revenue of $63 billion, although she cautions that it is too high for that specific quarter. According to Apple’s September quarter guidance, revenue will be somewhere between $49 billion and $51 billion.