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Apple earnings Q3 2015

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Fortune: AAPL earnings likely to beat analyst expectations for 9th straight quarter

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With Apple due to report its fiscal Q3 (calendar Q2) earnings later todayFortune notes that the company has beaten Wall Street expectations for eight straight quarters – and strong iPhone sales mean that today’s earnings report is likely to make it nine.

iPhone sales typically drop in June as consumers hear more rumors about the next model and many decide to wait. But with Q3 sales estimated at close to 50M phones, representing a massive 40% year-on-year increase, that would put Apple’s revenue well in excess of the company’s own guidance of $47B and above the Wall Street consensus estimate of $49.5B … 

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