Apple will announce earnings for 2017Q2 this afternoon at 1:30 PT.
Interested in specifics? Start with this MacRumors post.
Apple projected their revenues to be between $51.5 billion and $53.5 billion. Analysts project revenues between $51.7B and $55B.
From this CNBC article:
Apple investors are excited by the prospect of a “supercycle” in its next fiscal year, driven by the next generation of iPhones, and it appears the market for people who want to upgrade their devices could be over 300 million.
In a note released Monday, former Apple analyst turned venture capitalist Gene Munster, estimates that there will be an install base of more than 300 million iPhones this fall that are more than two years old.
The iPhone 6s will turn two in September after being released in 2015. So this more than 300 million figure cited by Munster means people on the 6s or below may be looking to upgrade to new models.
Read the rest of the piece, but the numbers make the case that we’ll see a possible iPhone upgrade supercycle this fall.