Apple Signals Resilient IPhone Demand Helped by Supporting Cast
New iPhones typically go on sale in mid- to late September, which produces a few weeks of revenue that are included in the company‘s fiscal fourth-quarter results. Some analysts had reduced their estimates on concern the new high-end iPhone may be delayed, but Apple‘s projections on Tuesday -- and increasing sales of other products and services -- calmed those fears.
Revenue will be $49 billion to $52 billion in the three months through September, the Cupertino, California-based company said in a statement. Analysts had predicted $49.1 billion.
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