Epstein File EFTA02601863: IPhone and Minor (DS11)

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Epstein File EFTA02601863: IPhone and Minor (DS11)

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This document is a financial analyst report from Richard Kahn at HBRK Associates dated around 2018, discussing Apple Inc.'s iPhone production forecasts and quarterly guidance. The report projects 90 million new iPhone builds for the second half of 2018, up slightly from 89 million in the prior year, and anticipates Services growth above 30%. The document contains minor adjustments to June quarter estimates across multiple product lines including iPhone units, Mac units, iPad units, and Services growth projections.

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iPhone minor

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Excerpt 1

.: We expect an In-Line Quarter; All Eyes on Services & Fall **iPhone** Launch Richard Kahn HBRK Associates =nc. 575 Lexington =venue, 4th Floor New York,

Excerpt 2

Expect Services growth above cons. at 30%+ but anticipate =nvestors remain focused on Sept Q guidance and fall **iPhone** launch.

Excerpt 3

90M =ew **iPhone** builds in C2H18, up slightly from 89M in C2H17.