I think $Apple(AAPL.US) will guide September revenue inline to slightly higher than the Street.
That outlook will be impacted by two new forces, a headwind of the likely shift to a staggered iPhone release schedule over the next six months, and the tailwind of the price increase.I expect the net of those should results in the overall revenue guide for September to be inline to slightly better than the Street, which now sits up 12% y/y.My optimistic outlook may come across as aggressive considering the high bar, with the Street looking for 21% iPhone growth in June, and 18% in September, compared to the segment that was up on average 2% per year from FY22-FY25.The reason for my optimism:1. iPhone is riding the upgrade wave from the FY21 monster 39% growth.2. The staggered upgrade schedule will force people who have historically bought the new lower priced model and need a phone now to trade up to a Pro model. I expect fractional at best shipments of the foldable phone in September.3. The price increase will likely average 15%. While that jump will soften demand, the next effect should still be a net positive.Source: Gene Munster
