On strong iPhone 5s/5c sales, Apple nudges up Q4 guidance

On strong iPhone 5s/5c sales, Apple nudges up Q4 guidance

In a Monday filing with the U.S. Securities and Exchanges Commission (SEC), Apple slightly revised its quarterly estimates upward for its current quarter - its fourth fiscal quarter for its fiscal 2013, which ends on September 29, 2013, according to AllThingsD.

For its third quarter, Apple predicted revenue between $34 billion - $37 billion, with gross margin between 36 to 37 percent. Apple now says fourth fiscal quarter revenue will "be near the high end" of that range, and gross margin "to be near the high end" of that range as well.

Wall Street investors reacted positively to the news of iPhone sales and Apple's revised estimates - in Monday morning pre-market trading Apple's stock was up more than 6 percent, trading close to 500.

Source: AllThingsD

Peter Cohen

Managing Editor of iMore, Mac and gaming specialist and all-around technologist. Follow him on Twitter @flargh

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There are 7 comments. Add yours.

brooklyndon2911 says:

The 5s is just the tip of the iceberg. Excited about future releases later this year.

Solamar says:

I want to see an updated TB monitor with new iMac design like format and USB 3.0 ports.. maybe TB2 spec, and please, convertible to VESA mount.. I don't want to have to buy a monitor that I can't convert later to a mount.

Peter Cohen says:

Though I doubt it'll happen, I'd like to see Apple offer more consumer-friendly monitors. $1000 is a lot to spend on a display, period.

LozBlanko says:

These market predictions get on my nerves. The second I actually held a 5c, I could tell it would sell millions.