iPhone 12 will drive blockbuster holiday quarter for Apple, says Cowen

iPhone 12 will drive blockbuster holiday quarter for Apple, says Cowen

AppleInsider

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Cowen expects Apple to report September quarter earnings in line with Wall Street consensus, but adds that the iPhone 12 and holiday seasonality could bolster the following quarter.

Credit: Apple
In a note to investors seen by AppleInsider, Cowen analyst Krish Sankar forecasts that Apple will report revenue of $64.9 billion in Q4 2020 and an earnings-per-share of $0.72. Largely, that'll be driven by continued Mac and iPad demand driven by remote work and education during the coronavirus pandemic.

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