Investment bank Goldman Sachs expects Apple to report a strong June quarter and guide well for Q4, driven largely by solid Q3 U.S. iPhone shipments and September quarter build estimates. In a note to investors seen by AppleInsider , Goldman Sachs lead analyst Rod Hall believes that the re-opening environment in the U.S. could have driven a “short-lived pulse” in iPhone demand similar to a shipment surge in China earlier in 2021. Along with iPhone performance in the U.S., Hall believes Apple will provide stronger September quarter guidance on its Tuesday earnings call with analysts. That’s because of strong iPhone build numbers for the quarter and an “substantial iPad revenue backlog.” The strength of the iPhone in the U.S. is also likely to offset weakness in China, Hall added. As of the June quarter, government-provided sales data from China indicates that overall handset shipments are down 27% year-over-year in 2021 so far. “We continue to be cautious on iPhone demand expectations later this year, but we expect mainly good news from Apple’s report next week,” the analyst wrote. In Hall’s opinion, the revenue comp in the fourth quarter to September will be less challenging to Apple because of the later-than-usual… Read full this story
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