Apple Inc. expects its fiscal Q4 revenue to be between $60 billion and $62 billion, higher than analytists’ estimates.
iPhones account for around 60% of the company’s sales. Three new phones are expected to be launched later this year, apparently contributing to a sanguine outlook for the firm’s sales.
As for fiscal Q3, sales surged 17% to $53.3 billion. Profit was $2.34 per share, compared to analysts’ expected $2.18 a share.