Upside to market consensus on Apple is expected from one Wall Street analyst, who sees a big holiday quarter for both the iPhone 5 and iPad mini.
Rob Cihra of Evercore Partners updated his projections for Apple's December quarter on Thursday in anticipation of the company's quarterly earnings report, scheduled for Jan. 23. Cihra expects Apple to report sales of 50 million iPhones, a 35 percent year over year increase and 86 percent growth from the previous quarter.
Reaction details (09:06)
- Apple trade down 0.42% in pre-market trade heading into the Wall St. open.
03 Jan 2013 - 09:05 - - Source: Appleinsider.com
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: