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Analysts update Apple earnings forecasts on stronger-than-expected iPhone sales

  • Loop Capital has revised its Q3 iPhone revenue forecast for Apple, citing stronger-than-anticipated iPhone shipments.
  • JPMorgan notes a shift in iPhone 16 lead times, now tracking in line with those of the iPhone 15 series.
  • Analysts expect Apple's fiscal Q4 earnings per share to be $1.54, higher than $1.46 YoY.
  • Apple's M4 Macs for 2024, including iMac, MacBook Pro, and Mac mini, are set to launch soon.

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