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Apple's September Event Could Pave the Way for iPhone Estimate Hikes

By holding its annual September iPhone event a little earlier than usual, Apple (AAPL) might be able to book two weeks worth of iPhone 7 sales in what's expected to be a weak fiscal fourth quarter.

That, along with reports that collectively suggest the iPhone 7 might not be as much of a dud as many expect it to be, could propel analyst estimates higher in the coming weeks. This would be a positive both for Apple, and for chip suppliers such as Cirrus Logic (CRUS) , Skyworks (SWKS) , Qorvo (QRVO) , NXP (NXPI) , InvenSense (INVN) and Broadcom (AVGO) .

Earlier today, Apple sent out invites for an event that will be held at 1 p.m. Eastern time on Wednesday, Sept. 7, in San Francisco. Needless to say, the company is expected to unveil a new 4.7-inch iPhone 7 and 5.5-inch iPhone 7-plus. A new Apple Watch may also be in the cards.

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Apple's event arrives two day earlier in September than its 2015 and 2014 iPhone events, and...