Apple will release its second quarter earnings figures and host a live conference call on Monday, April 27. The stock price has skyrocketed over the last year, boosted by strong sales of its newest smartphones, the iPhone 6 and 6 Plus. After selling over 74 million phones during the last quarter, it would be understandable to think that Apple could not live up to the lofty expectations set for it this quarter. But Apple is set once again to blow past expectations and surge even higher in coming months, as I Know First correctly predicted it would in an article after the last earnings report. Continued rapid sales of the new iPhones, deeper expansion into the enterprise segment, and an increase in the capital expenditure program mean Apple is still bullish looking ahead to the end of the month, and should continue trending higher afterwards.

iPhone Will Continue To Post Strong Sales Numbers

As I mentioned, the Apple sold over 74 million iPhones last quarter, a record number for any quarter. While the tech giant will not post that high of sales again this quarter, the sales numbers will continue to beat expectations, based off a number of factors. During the last quarter, Apple got a large percentage of its sales from customers that switched from other mobile platforms, namely Android. That means a great number of iPhone users are yet to upgrade their phones, which should drive sales during this quarter.

Apple is also hoping to continue to switch users from other mobile platforms during the current quarter. The company recently introduced an expanded trade-in program, now letting customers trade in non-Apple smartphones to get credit towards a new iPhone. Before, customers could only trade in older models of the iPhone to get credit, but several models including Samsung, HTC, LG, Sony, BlackBerry, and Nokia can all be traded in as part of the expanded program.

This coincides with the upcoming release of the Samsung Galaxy S6 and S6 Edge, Samsung

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