Apple Investors Seek Clues on Next iPhones With Results
- Analysts expect 15 percent year-over-year revenue growth
- Company may address ongoing trade China-U.S. trade dispute
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When Apple Inc. reports results on Tuesday, investors will seek insight into upcoming new iPhones and how the current flagship iPhone X is performing. They also want executives’ latest thoughts on the growing trade dispute between the U.S. and China.
The Cupertino, California-based technology giant is expected to announce fiscal third-quarter revenue of $52.3 billion, according to analyst estimates compiled by Bloomberg. That’s in line with the company’s recent forecast and translates to year-over-year revenue growth of about 15 percent, the strongest for Apple’s June quarter since 2015. Higher iPhone average selling prices, increased services revenue, and unit sales growth for the Apple Watch should drive the expansion, analysts say.