Apple Q3 Earnings Expected to be Up 18%

Jul 22 2014, 7:57am CDT | by , in News | Apple

Apple Q3 Earnings Expected to be Up 18%
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Wall Street analysts predict a positive Q3 2014 for Apple. Earnings are seen 18% Up year over year.

Apple will release their Q3 Earnings today after the market closes. Fortune published the analyst consesus and everybody seems to agree that Apple will report very positive numbers.

The average forecast of the earnings growth year over year is 18%. The year over year revenue is seen to grow by 8.5%.

This is the first earnings call after the big stock split. Apple's stock had a good run over the last few months. It rose 26% since April. It still did not pass the new magic level of $100. Right now the AAPL stock trades at $94. 

Apple is expected to release the new iPhone 6 this fall and latest reports say that it will be the largest iPhone launch in history. Apple has reportedly ordered 80 million iPhone 6 units for the 2014 sales period.

Watch also the new MacBook Air TV ad that draws a lot of attention today below.

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