All eyes on the next iPhone

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Apple CEO: I'm not worried about machines taking over the world

Apple’s subsequent large iPhone launch is probably going nonetheless almost two months away, however buyers might be in search of early alerts about what to anticipate from it this week.

Apple (AAPL) is ready to report its fiscal third-quarter earnings outcomes after the bell on Tuesday. The report, for the three months ending in June, is usually described by analysts as Apple’s most “boring” earnings launch of the yr as the most recent iPhone improve increase fizzles out.

Analysts count on Apple to promote 42 million iPhones through the quarter, down from 52.2 million within the prior quarter, as customers have both upgraded already to the iPhone eight, eight Plus or X, or are ready for the latest iPhones to launch within the fall.

Daniel Ives, an analyst with GBH Insights, says Apple’s iPhone gross sales for the third quarter take “a again seat” to what he calls the primary occasion: buyer demand for the subsequent technology of iPhone fashions.

A number of analysts count on Apple to launch three new iPhone fashions within the fall, although the exact timing of every is unclear. Sometimes, Apple launches new iPhones within the second half of September, simply earlier than its fiscal fourth quarter ends.

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Whereas Apple is famously tight-lipped about its product pipeline, the corporate’s gross sales forecast for the upcoming quarter might sign whether or not the brand new fashions are on monitor to launch in September.

As Katy Huberty, an analyst with Morgan Stanley, put in an investor observe this month, “all eyes” are on the “fall iPhone launch.”

However at the same time as buyers assume forward to the subsequent fashions, there’s a rising sense that the times of fast iPhone progress are coming to an finish. Apple offered simply three% extra iPhones within the first three months of the yr than than it did in the identical interval a yr prior. On Tuesday, Apple is anticipated to announce a good smaller year-over-year enhance in models offered.

As a substitute, Apple is discovering new progress not within the variety of telephones offered, however within the worth it fees for the gadgets, as seen with the launch final yr of the $999 iPhone X. Apple can also be producing billions in gross sales with supplemental companies for the iPhone, and different gadgets, together with the App Retailer, Apple Pay and AppleCare.

That is anticipated to drive important gross sales and revenue progress. Analysts count on Apple to publish $52.three billion in gross sales for the quarter, a 15% enhance from the identical interval a yr in the past. Apple is anticipated to earn $2.18 per share, up from $1.67 a yr in the past.

Different high tech corporations have been hit exhausting in current days for disappointing earnings outcomes. But when Apple can impress Wall Avenue sufficient, its “boring” quarter may assist it turn into the primary firm to high a $1 trillion market worth. Apple’s market cap is presently hovering round $950 billion.

CNNMoney (New York) First revealed July 31, 2018: 12:04 AM ET

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