Apple Projects Revenue That Tops Estimates on New iPhone Models
- Fourth-quarter forecast predicts sales as high as $64 billion
- Services, wearables spurred 1% increase in third-quarter sales
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Apple Inc. projected revenue in the current quarter that topped analysts’ estimates, signaling the company is optimistic about potential sales of the new iPhone models set to launch late in the period.
Fiscal fourth-quarter sales will be $61 billion to $64 billion, the Cupertino, California-based company said Tuesday in a statement. Analysts, on average, estimated $61 billion, according to data compiled by Bloomberg. Apple’s projection at the high end is a 1.7% increase from the period a year earlier.