iPhone Sales Growth Expected In June Quarter

The iPhone may be one of the best selling handsets on the planet but sales have seen a decline over the past few quarters. Analysts are now predicting a return to form for Apple’s smartphone. They expect iPhone sales to return to growth in the ongoing June quarter which would be a slight increase compared to the same time a year ago.

Timothy Arcuri, an analyst at Cowen and Company, has sent a note to investors today which predicts that Apple is going to ship 41.5 million iPhone units in the current June 2017 quarter.

If his prediction is true, Apple would see a slight increase from the 40.4 million iPhones that it shipped in the same quarter last year. The analyst does caution that the sell-through of iPhones to end consumers could either be flat or slightly down due to a 4 million unit channel inventory drawdown from Apple in the same quarter last year.

Analysts on Wall Street predict that Apple will rake in $44.9 billion in revenue which would amount to $1.57 earnings per share. These figures would thus register an increase from the $42.2 billion in revenue and $1.42 earnings per share that Apple posted in the June 2016 quarter.

Meanwhile, anticipating for the iPhone 8 continues to grow as fans look forward to the 10th anniversary iPhone. It’s expected that the anticipation will play a role in the keeping sales in check as many customers would prefer to hold off their purchases until the new iPhone arrives.

Adnan Farooqui
Categories: Apple, Cellphones
Tags: iPhone