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