The consensus estimate is $10.36 for EPS and $37.18B for revenue, according to First Call. Apple has a history of posting better-than-expected results, which is why the tempered view on Wall Street comes as a bit of a surprise to some. Analysts say consumers may be holding back on purchasing iPhones now in order to wait for the next product upgrade, which appears to be coming b
The company sees Q3 gross margins falling to 41.5%. Apple expects about two-thirds of the sequential decline to be primarily driven by a higher mix of iPads and Macs, a full quarter of selling the current ipad lineup, and a loss of leverage on the sequentially lower revenue. For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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