Apple (NASDAQ:AAPL) should see a better than forecasted third quarter as some of the issues that were weighing down on earnings start to go away. The previous couple of quarters have been plagued by issues such as war and shutdowns which resulted in weaker than expected earnings.
The company is looking to release multiple new products throughout the year, including the new iPhone 14. The total number of new models released for the year will be four, and the company plans to increase prices for the more premium models but plans to keep the prices for the current models the same. Competitors such as Samsung (OTC:SSNLF) also plan to release multiple flagship phones, and the two device makers are essentially in a two-way race for the smartphone market with Apple taking 20% and Samsung's 24% market share respectively.
