Start the conversation
Apple Inc. (Nasdaq: AAPL) is on tap to post fiscal Q3 numbers Tuesday after the close. Expectations are running high with most analysts expecting the iPhone maker to handily beat its Q3 revenue guidance of $36 billion to $38 billion. Wells Fargo said in a research note earlier in the month that Apple's aggressive promotional activity, along with new carrier partners (16 added since the end of April for a total of 332) should boost sales. Consensus forecasts have Apple reporting EPS of $1.23 on revenue of $37.92 billion. Goldman Sachs predicts Apple sold 32.7 million iPhones during the June quarter, up 4.7% year over year (YOY), but down 25.2% quarter over quarter. A sequential decline is expected as Apple gears up to launch the iPhone 6 this fall. Shipments of iPads are expected to jump 5.3% YOY to 15.4 million units. Looking forward, Apple is expected to release the iPhone 6 in September. While the launch would affect revenues for just a couple of weeks, it would give Q4 numbers a notable boost. For all our Apple stock coverage, go here.