Ahead of Apple’s first-quarter earnings announcement after the bell today, Ben Reitzes, an analyst at Barclays Capital, expects the tech giant to hand in a good report card, buoyed by strong iPhone sales internationally.
“You won’t see as much upside as the last quarter, as there was an extra week last quarter,” Reitzes said. “Nonetheless, I expect a very solid report.”
He estimates new iPhone sales to come in at around 33 million, which is above the Street’s estimate in the “low-30s,” and said there is consensus that Apple will post strong double-digit numbers in iPad sales, which should add a bit of upside to the quarter, as well.