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Apple forecasts juicy revenue from sales of new iPhone, other products
It tips revenue of US$49b to US$52b for the three months through Sept; analysts had expected US$49.1b
Published Wed, Aug 2, 2017 · 09:50 PM
San Francisco
APPLE Inc gave a revenue forecast that highlighted resilient demand for the iPhone ahead of the launch of its new models and the growing significance of the company's supporting businesses.
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 that 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.
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