While analysts from Rosenblatt Securities predict bad sales for the new iPhone, Evercore ISI analyst Amit Daryanani announced his forecast for Apple's earnings for the third fiscal quarter. And I must say, it sounds quite optimistic.
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According to Amit Daryanani, Apple's revenue in the third quarter of 2019 will grow significantly. This will contribute to the growing demand for Apple products and services in China, as well as the popularity of the company's branded services. In the services segment, one of the main sources of revenue for Apple is the App Store. The analyst expects App Store revenue to grow by 18% and reach $ 9 billion in the third quarter.
Note that the third quarter of the 2019 fiscal year in the United States ended June 30. Apple should publish the financial report for this quarter in early August.