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Apple to Announce Huge Earnings After Unprecedented iPhone 4S Rollout

With Apple facing pent up demand in the third quarter of 2011 due to the market's anticipation for the next generation iPhone, now analysts expect Tim Cook to announce impressive figures at the earnings call later this month, with the iPhone 4S being the star of the show, Cnet reports.

Apple adopted an aggressive strategy in pushing its flagship smartphone to the market. For the first time, the new iPhone was available from the very beginning at three major US carriers, AT&T, Verizon and Sprint.

Besides the widest availability domestically, iPhone 4S has had the fastest international rollout ever. With 27 national markets opened for the latest iPhone starting next week, including mainland China, iPhone 4S will be available in 90 countries in all.

At the same time, Apple has decided to slash drastically the prices for earlier iPhones with the older 3GS version being offered for free with a two year contract on specific carriers.

Under the circumstances, industry observers expect Apple to report huge earnings in the fourth quarter of 2011, which for the Cupertino based company is incorporated in the first fiscal quarter of 2012.

Maynard Um, UBS analyst, predicted a month ago that Apple would manage to sell 30 million iPhones, while William Power, Robert W. Baird analyst, estimates 31.2 million iPhones sold in the same period.