Apple Could Smash $30 Billion in Q4, After iPhone 4S Record Sales

Despite some initial pessimism Apple has surpassed analysts' expectations, selling 4 million iPhone 4S in the first three days of availability, more than double the previous record held by the iPhone 4.

Although reviews were reserved and there was a certain disappointment due to the iPhone's unchanged design, Apple is expected to sell 20 - 22 million iPhones in the September quarter. Furthermore, Wall Street analysts predict sales of 30 million handsets to be sold in the holiday quarter.

Industry observers note that iPhones account for 40% of Apple's revenue and greatly determine its growth trend. In addition, Apple is expected to announce for the third quarter of this year sales figures of around 10 million iPads and about 4 million Macs (desktops and laptops).

Analysts are already trying to put all the new information in order and figure out what Apple's financial report, expected to be released next week, is going to look like. According to analysts at StarMine SmartEstimates, who have a good track record of accurate predictions, "Apple is expected to post earnings of $7.47 per share -- about 2.4 percent above the average estimate. Revenue could come in at $29.8 billion -- about 1 percent above the average expectation."

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