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Apple iPhone sales on the up: Wall Street’s estimation on quarterly earnings

Apple is yet again expected to top Wall Streets estimates when it unveils quarterly earnings figures today.

Apple who make Mac, iPhone and iPod s definitely on a roll, CEO Steve Jobs is back at the helm. It’s stock has increased by more than double this year and is now within spitting distance of a record high.

Analysts have predicted that one possible speed bump this quarter is the iPhone, and the sales compete with the BlackBerry (Research in Motion) and (Palm’s) Pre. These are looking weaker in comparison to some strong numbers a year ago. Mac sales are remaining very strong, which is a bonus as there may be some risk in the iPhone sales for the quarter. Source – nytimes.com