There will also be fallout from a disappointing outlook from Dow component Cisco Systems (CSCO) to deal with. Shares of the networking giant fell almost 10% in after-hours action after the company guided lower, forecasting 6% year over year growth for the fiscal third quarter, under the 8% called for by analysts.
Verizon has already said it's sold more iPhones in pre-orders than it has any other phone. If this is the blowout launch it looks to be, it's bound to boost the company's numbers. AT&T (T) has to be worried it will lose customers, while Apple is laughing all the way to the bank.
(S) is slated to report its quarterly results before the market opens and analysts will be looking hard at subscriber adds and ARPU
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