Apple (AAPL) is scheduled to report earnings for its fiscal year 2015, second-quarter on Monday after closing bell. Deutsche Bank (DB) previewed the iPhone maker’s Q2 results Thursday. In its report, the banking giant raised their AAPL 12 month-case base estimate to $125 from $110 noting they expect another strong iPhone quarter for the company. They also revised their iPhone unit estimates to 60 million up from 55 million. However, and despite the firm’s expectations for strong results in the quarter, they said their checks suggest 2Q sales growth are expected to decelerate from here as the iPhone cycle wanes. For the Apple Watch, the DB team said they don’t view the wearable gadget as a catalyst on results until fiscal 2016.
Looking ahead, the firm is modeling $2.27 per share for the March quarter, while the Street is projecting $55.93 billion in revenue and $2.15 per share. Apple guided for between $52 and $55 billion in revenue.