TradingKey – On July 24, Eastern Time, Apple ( AAPL) stock price once again approached its all-time high of $344.99. Apple is scheduled to release its third-quarter earnings on July 30. BofA expects the quarterly results to beat Wall Street consensus estimates.

BofA forecasts Apple’s revenue to reach $109 billion and EPS to hit $1.89, both slightly higher than the Wall Street consensus of $108 billion and $1.87 per share. Based on this, Apple’s year-over-year revenue growth is estimated at 16%, near the upper end of the company’s revenue guidance range of 14% to 17%.

The firm noted that this round of growth is primarily driven by iPhone sales, expecting iPhone revenue to increase by over 20% year-over-year this quarter, while services…