Apple IPhone Estimate Raised at Canaccord on Old Model Sales
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Apple Inc.’s iPhone sales topped some estimates in the fiscal second quarter amid strong demand for older models, according to Canaccord Genuity Inc., which raised its projection by 7.2 percent to 37 million units.
For the fiscal third quarter, which ends in June, Apple will probably sell 27 million iPhones, up from a prior projection of 25 million, Michael Walkley, an analyst at Canaccord Genuity, wrote in a research report.