Apple’s impending iPhone 8 may arrive on its initial release date after all.
Going into Tuesday’s Apple earnings report, most are expecting the company to delay the launch date of the next generation flagship iPhone, with speculations and rumors calling for an either October or November release date. But the normally secretive Cupertino-based tech giant surprised everyone by offering an optimistic forecast for the current quarter, with the company revenue ranging from $49 billion to $52 billion, above Wall Street’s expectations of $49.2 billion.
With that being said, that forecast is pivotal because it suggests that some sort of new iPhone 8 will be unveiled in due time, which runs until the end of September. In other respects, there’s no way its current consumer electronics product line could generate those figures, which represent an increase over the $46.9 billion it posted a year earlier.
It was enough to drive the stock to an all-time high in after-hours trading on Tuesday, August 1st. It’s up by 5.7 percent to $158.57 in pre-market trading on Wednesday morning, Aug. 2.
Apple CEO Tim Cook teased only an “exciting fall” during a technology giant’s conference call on Tuesday, but refrained from talking when an analyst asked directly about his opinion on a new iPhone 8. “No comment on anything that’s not announced,” CEO Cook said.
While we may see new iPhone 8 release date in September, those devices could be an incrementally upgraded version of the iPhone 7 and iPhone 7 Plus, the annual addition of an “s” to handset’s name. Jan Dawson, an analyst at Jackdaw Research, said it would be hard for the Cupertino-headquartered to hit its revenue forecast without a new flagship iPhone. But the tech titan could still hold back the rumored drastically redesigned iPhone 8 in October or later.
Apple usually set schedules for an iPhone launch event in early September, so we’re likely just a few weeks away.
Despite all the attention for the iPhone 8, the current flagship iPhone 7 and iPhone 7 Plus are still the top sellers. The iPhone 7 and iPhone 7 Plus saw strong double-digit growth, the Apple chief said, with sales of the latter unit surpassing the year-ago Plus model.