iMac, iThink, iTrade – Apple’s AAPL upcoming third-quarter fiscal results could shine as bright as the Big Apple skyline. The company may bask in the glow of a glowing PC market and flourishing Service segment.
Mac Sales Surge Amidst PC Growth
In the vast PC ocean, Apple’s Mac sales are set to ride the highest wave. Recent IDC and Gartner reports indicate an upward trajectory, foreshadowing Apple’s shipment success with millions of Macs finding new homes. With an 8.8% market share from IDC’s lens and a 9% slice in Gartner’s gaze, Apple swaggers to the peak, leaving competitors like Acer, Lenovo, HP, and Dell in the wake.
The Zacks Compass steers us towards an estimated $6.92 billion net sales for Mac, teasing a 1.2% rise in comparison to yesteryear.
Steady Services Growth Set to Soar
Apple’s Services business, akin to a growing vineyard, nurtures the likes of App Store aficionados and Apple TV+ viewers. This budding portfolio blooms with Apple Music, Apple Arcade, Apple News+, and Apple Card, erecting a revenue fortress.
Accounting for over a quarter of sales, the Services sector stands as Apple’s golden goose. Despite iPhones being the face of Apple, the services wing flaps to new heights, with a 13.1% year-over-year growth anchoring at a projected $24 billion in net sales for the upcoming quarter.
iPad Sales Poised for Growth
As dawn follows night, Apple envisions a twofold increase in iPad revenue for the third fiscal quarter. The Zacks whisper enters our ears, tipping a $6.88 billion net sales projection for iPads, hinting at a 19% annual growth.
Buckle up for the earnings rollercoaster.
