Apple ‘white-hot momentum’ to continue with iPhone 6S, 7

By | July 14, 2015

Scalper1 News

As Apple readies its June quarter report, Wall Street analysts are doing last-minute tweaks to their estimates. On Tuesday, FBR Capital Markets analyst Daniel Ives raised his sales and earnings estimates for Apple for the quarter, full year and next year. Apple is scheduled to report fiscal third-quarter results after the market close on July 21. Ives increased his sales and earnings estimates for Apple on rising expectations for the company’s core iPhone business. For the June quarter, Ives raised his sales and earnings-per-share estimates to $49.2 billion and $1.79, respectively, from his prior targets of $47.8 billion and $1.72. For fiscal 2015, which ends Sept. 26, he raised his sales and EPS estimates for Apple (AAPL) to $233.3 billion and $9.06, respectively, from $230.3 billion and $8.93. For fiscal 2016, he increased his sales and EPS forecasts to $250.1 billion and $9.69, respectively, from $247.1 billion and $9.58. Ives … Scalper1 News

Scalper1 News