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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.

Apple and NXP are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL or NXPI? Learn more now.

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


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