Apple Likely To Break 'All Records' In March Quarter

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Analysts have high hopes for Apple Inc. AAPL's earnings results. The Cupertino, California-based tech giant will report its fiscal 2015 second quarter results Monday afternoon -- just days after the firm released its long-awaited smartwatch.

"[Apple] is breaking all records and probably continues to [this quarter]," Tigress Financial Partners analyst Ivan Feinseth told Benzinga. Feinseth also expects Apple to boost buybacks and increase dividends.

'Selling Like Hotcakes'

Cody Willard, chairman of Scutify (a financial social network) and Futr (a futuristic messaging app), told Benzinga that he believes the iPhone 6 and iPhone 6 Plus are "continuing to sell like hotcakes and dominate Android, at least for the last 90 days."

Willard expects Apple to have sold "millions more" than 50 million units.

"People are going to hang on commentary on the Apple Watch: how it's selling, how the production is going too," Willard added. "As far as catalysts, I think iPhone unit sales…need to be 10 percent better than expected to get that stock popping, but even then [there] may only be three or five bucks of upside."

The Apple Watch could prove to be a bit more rewarding.

"If Tim Cook and Apple know anything real about [sales] numbers that are better than expected, that would pop the stock," said Willard. He expects the company to indicate how many units have been sold so far, but wouldn't be shocked if Apple remained silent for the time being.

Related Link: Apple Watch Ignites Fintech Community, Inspires New Apps

iPhones Led The Way

Patrick Moorhead, president and principal analyst at Moor Insights & Strategy, is among those who expect the iPhone to dominate.

"I think they're gonna have a big quarter due to iPhones," Moorhead told Benzinga. "Samsung is on record pretty much saying they're losing market share, even on the high-end. There's nothing that leads me to believe Apple won't continue to [rise] at the expense of Samsung."

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'Wild Growth'

Tech industry expert and analyst Jeff Kagan said that he, like everyone else, expects Apple to enjoy continued growth.

"They have some years that they have wild growth and some years they have smaller growth," Kagan told Benzinga. "They've had great success with the new smartphone and that's gonna continue."

Some Records Might Not Be Broken

Sean Udall, CIO of Quantum Trading Strategies and author of The TechStrat Report, wanted investors to understand that while this could be a huge quarter for Apple, it's not likely to be the firm's biggest quarter ever.

"It's not gonna be a record-breaking in total, but for this quarter it's going to be a record-breaking quarter," Udall told Benzinga. "They could beat earnings by as much as $0.20-$0.25."

Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.

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Posted In: Analyst ColorPreviewsExclusivesTechTrading IdeasCody WillardiPhone 6Ivan FeinsethJeff KaganPatrick MoorheadSean UdallTigress Financial Partners
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