apples q3 revenues expected to grow thanks to increased demand in china and services sector

Apple’s Q3 earnings report isn’t due until July 30 but according to independent investment firm Evercore ISI, the company will see better revenue flow from its services sector and increased demand from Chinese consumers.

Service revenues for Q3 are on track to go up by 18% according to early estimates. In addition, Chinese consumers are expected to contribute to the growing revenues as iPhone demand remains stable in that region. Last year Apple brought in $37.1 billion in revenues from the App Store which is a sizeable chunk of its income.

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Link: https://www.gsmdb.com/gsmarena/apples_q3_revenues_expected_to_grow_thanks_to_increased_demand_in_china_and_services_sector-news-38031.php