Microsoft’s earnings report yesterday didn’t impress many people but it looks like Apple’s quarterly results, which will be reported sometime today, will be a record breaker. According to a poll of 40 analysts, the technology giant is expected to report somewhere around $68 billion in revenue for last quarter thanks to the release of the iPhone 6 and iPhone 6 Plus.
With just a few hours to go before Apple reports the results of its first fiscal quarter of 2015, Wall Street is hyped for what it expects will be a blockbuster, all-time record for the iPhone maker. A poll of 40 analysts by Thomson Reuters has estimated revenue for the December quarter at $67.69 billion. J.P. Morgan’s consensus estimates are slightly lower, at $67.45 billion, while Wells Fargo Securities has estimated Wall Street expectations at $67.3 billion. All eyes will be on iPhone sales, with huge expectations for Apple’s newly released iPhone 6 and iPhone 6 Plus. Apple’s primary revenue driver is expected by Wall Street to have moved between 65 million and 69 million units during the three-month span, according to estimates from Piper Jaffray.
