After the market closes tomorrow Apple will report company earnings for Q2, which ended at the end of March. Analysts expect another huge report when it comes to revenue, mostly due to iPhone sales, as usual. They also believe Apple could potentially updated its cash return system.
Analysts are expecting $56 billion in revenue, which equals about 25 percent growth, driven by continued iPhone sales. Their guess is that the company sold over 58 million iPhones, which would translate into a 33 percent increase. If that’s what has happened, Q2 will hold the record for second-largest quarter for iPhone sales in all of Apple’s history. The top quarter was the one before, with 74.5 million iPhones sold.
Some people believed that the iPhone sales were going to taper out only one year ago. Sales were down to single digits and according to a report by Business Insider, some analysts even suggested that Apple might have to lower iPhone prices in order to boost sales. Then the iPhone 6 and 6 Plus came out and sales took off; instead of dropping prices, Apple actually raised the cost.
