The analysts' estimates range (narrowly) from 50.1 to 54 million. Average: 52.2 million.
It's that time of the year again. Next Tuesday, May 2, Apple is scheduled to release its results for the second fiscal quarter of 2017. If history is any judge, investor will zero in first on the iPhone—the device that accounted last quarter for 69% of Apple's total revenue.
Last year was an anomaly for Apple, a "growth" stock that racked up three consecutive quarters of negative revenue growth. Apple got back on the right side of the curve last Christmas, racking up record sales of 78.3 million iPhones.
According to the 20 analysts I've heard from so far—14 Wall Street professionals and 6 independents—the company looks to stay (barely) above the line.
Here's what that looks like over time:
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Here are the average estimates in millions of iPhones:
Click to enlarge.
And here, in a new interactive table, are the individual analyst’s estimates—independents first, pros in the rear.
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We’ll find out who was closest to the mark when Apple reports its Q2 2017 earnings, shortly after the markets close on May 2.