It's not even Halloween, but technology analysts are already thinking up New Year's resolutions. For Apple, that is.
Top analysts questioned whether the company can keep growing iPhone sales in the new year, though CEO Tim Cook projected another strong quarter into December after Tuesdays' earnings beat.
"There are a number of tailwinds that should make it easier to grow iPhones in the December quarter," Toni Sacconaghi, Sanford Bernstein technology analyst, said Wednesday on CNBC's "Squawk on the Street." "But beyond that, those tailwinds go away. I think there's a fear in the investment community that December will be fine, and iPhone sales will grow, but thereafter they won't."
Apple reported iPhone sales of 48.04 million, with a record rate of Android conversion and growing sales in China. But the company reported conservative guidance for the current quarter: It expects revenue of $75.5 billion to $77.5 billion; analysts had expected sales of about $77.17 billion.