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Analyst: iPhone sales will outperform Wall Street expectations in the December quarter

In a note to clients — as noted by AppleInsider — RBC Capital Markets analyst Amit Daryanani to believe iPhone sales are set to outperform Wall Street expectations in the December quarter. He bases this on a positive earnings pre-announcement from Apple supplier Dialog Semiconductor yesterday.

Dialog pre-announced good September quarter results on the back of mobile systems revenue, suggesting strong component orders from Apple. The company raised revenue expectations for the past quarter to about $345 million, up 13%from previous estimates between $290 million to $320 million.

Daryanani has set a $125 target for Apple stock and estimates the company will take in $47.3 billion in revenue for the September quarter on 44.2 million iPhone unit sales. For the holiday quarter, the analyst sees $78.7B in revenue on about 79 million iPhone sales.

the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.
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