From “Apple 2Q19 Earnings Expectation Meters,” a free weekly article posted Monday on Above Avalon:
Guidance: Consensus is calling for Apple to report $52B of revenue in 3Q19. My estimate is for Apple to announce 3Q19 revenue guidance in the range of $52B to $55B. There are two possible explanations for the difference: Wearables revenue expectations and different estimates for iPhone sell-through demand.
Cue the guidance meter: