Apple's "iPhone SE" expected to add $5.5 billion in sales

PanARMENIAN.Net - With an average selling price of $550, analyst Amit Daryanani believes the so-called "iPhone SE" will add $5.5 billion in sales to Apple's bottom line. That would translate to an additional 23 cents in earnings per share, or 2 percent to its fiscal year 2016, Apple Insider said.

Daryanani believes his estimates are supported by earnings from Apple supplier Dialog Semiconductor, which told investors it expects its revenues to be up in the single digits for the full year. The integrated circuit maker is believed to derive more than 70 percent of its revenues from Apple, and investors look to its performance to gauge potential iPhone sales, Apple Insider reported.

Apple is expected to hold an event the week of March 21 to introduce a new, more powerful 4-inch iPhone, as well as a next-generation 9.7-inch iPad. It's believed that both products will launch very soon after they are announced, potentially starting sales before the conclusion of the current March quarter.