Apple's second-quarter revenue forecast misses estimates

2 February 2018

Apple Inc's revenue forecast for the second quarter on Thursday was below market expectations, adding to concerns of a plateau in demand for its newer iPhones.  The company forecast second-quarter revenue between $60 billion and $62 billion, while analysts on average were expecting $65.73 billion.

In the latest fiscal first quarter, the company said it sold 77.32 million iPhone units. However, average selling prices were stronger than expected.