Apple (NASDAQ: AAPL) will report its fiscal 2015 third quarter earnings tonight at 5:00pm. Analysts estimates projected iPhone sales for Apple’s third quarter at around 50 million units, a 42% increase year over year. According to Kantar WorldPanel, the largest contributors to iPhone sales most likely being Europe and China.
Data from Kantar WorldPanel shows that the demand for iOS is increasing internationally (Germanny, Great Britain, China) of over 5% change increase, while demand for iOS in the USA is declining by over 2.4%. “In previous years, Android companies usually wait until the June quarter to launch their products, and there just wasn’t the high-end demand for Android given the very strong sales that continue for the iPhone 6 models” says Michael Walkley, Canaccord Genuity managing director.
Analysts polled by Thomson Reuters are confident and expect projected earnings per share of $1.78, which amounts to $10.3 billion profit with $49 billion in revenue, and net increase of income by 32.6% year over year.
While the PC Market continues to decline, IDC (International Data Corporation) estimates that Apple’s Mac sales are expected to grow to about 5.1 million units in this quarter, an increase of 16% at the same period of last year. However, iPad sales continue to decline, as consumers do not see the need to replace their old iPads for the newer models – Merrill Lynch reports that sales in the June quarter fell below 10 million units.
Apple shares are now trading at just above $131 as investors anticipate the earnings release.