Apple is signaling a huge fourth quarter and Wall Street is loving it

Apple set its expectations for the fourth quarter above what Wall Street was looking for today in its earnings report — just in time for a huge iPhone launch coming up soon.

Apple said it expected to generate between $49 billion and $52 billion in the fourth quarter. The midpoint of that falls above what Wall Street expected — around $49.2 billion — and it alludes to a big quarter where Apple has traditionally unveiled a new iPhone. The next one is expected to be a huge redesign, which could reignite Apple’s stalling growth engine. Ahead of this, Apple has relied on growth in the rest of its product portfolio, particularly in services. Apple’s Services bucket includes products like Apple Music and iTunes.

All this means that the company is expecting to rake in a nice bit…

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