In a note to clients — as noted by AppleInsider — Cowen and Company analyst Timothy Arcuri says Apple will see a slight drop in iPhone sales from 2016 for the next two quarters, but profits will be relatively unaffected because of the continued consumer interest in the iPhone 7 Plus.
He thinks Apple sold 48.5 million iPhones in the second fiscal quarter from 2017. That’s down from 51.2 million in the second quarter of 2016, partially because the last fiscal quarter had an extra week of sales.
Arcuri predicts that 38.5 million iPhones will be sold in the third fiscal quarter. The third quarter of 2016 saw 40.4 million Apple smartphone sold.
"A feature-rich launch" of “iPhone 8s” is expected by Arcuri in the fall of 2017 with panel sizes of 4.7-, 5.5-, and 5.8-inches expected. The analyst also expects a glass casing, with either aluminum or stainless steel framing.