RaduTyrsina
News Team
Apple will report its earnings for the quarter that ended in March after the market closes today. And as we're getting closer to that moment, analysts are throwing in their own estimates. And, by the looks of it, the company could be all set for another record-breaking quarter.
Apple's revenue growth is expected to be driven by strong iPhone sales as Apple is expected to sell 58.1 million units, which would represent a massive 33% increase over the same period a year ago. If Apple will manage to sell that many units, it will be the second-biggest quarter for iPhone sales in Apple's history. In the previous quarter, Apple managed to sell an impressive amount of 74.5 million iPhones.
As for iPad sales, analysts estimate that Apple will sell around 13.6 million iPads, which would be down 17% on a year-over-year basis. One of the reasons why iPad sales are declining is because consumers have started opting for iPhones with large screens instead. As for the Mac section, analysts expect Apple to sell 4.7 million Macs, which would be up 15%.
Source: BusinessInsider
