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Tuesday, Jul 23
Analysts have been busy tweaking their Apple (AAPL -0.8%) estimates ahead of today's FQ3 report....
Analysts have been busy tweaking their Apple (AAPL -0.8%) estimates ahead of today's FQ3 report. In his quarterly roundup of pre-earnings estimates, Gene Munster notes iPhone sales are expected to be in the ~26M range (even with last year), as international share loss offsets U.S. strength. iPad sales are expected to total ~18M, with a continued mix shift towards the Mini, and Mac sales about 3.9M. A number of analysts think gross margin could top Apple's guidance midpoint of 36.5% in spite of higher NAND flash/DRAM prices, thanks to better manufacturing efficiencies and the removal of one-time issues that hurt FQ2 margins.