Apple 'resilient' in Q3 earnings with future focus still on 5g 'iPhone 12,' Cowen predicts

Investment bank Cowen is expecting Apple to report June quarter earnings in-line with the larger Wall Street consensus, and adds that Services and the upcoming 5G "iPhone 12" will boost the company's momentum going forward.

Credit: Andrew O'Hara, AppleInsiderCredit: Andrew O'Hara, AppleInsider
In a note to investors seen by AppleInsider, analyst Krish Sankar says that Apple's strong position stems from the upcoming "iPhone 12" cycle as a catalyst for 2021 earnings; the fact that the Services segment is remaining resilient compared to hardware products; and the company's free cash flow remaining "robust" during coronavirus.