For the December quarter, however, Loop expects a revenue decline. "Dec Q iPhone units increase by 1M while blended ASPs decrease by $39, and revenue decreases by $2B," Loop Capital's Ananda Baruah said in a note. Full-year 2025 projections see iPhone shipments rising by 4 million units to 226 million, but average selling prices falling to $985 from a prior $1,006 estimate. That leaves total iPhone revenue essentially unchanged at $223 billion. Overall, Loop's new forecast calls for fiscal 2025 revenue of $430 billion, slightly below its previous $431 billion estimate, and EPS of $7.64 versus $7.66 prior. Analyst checks also revealed Apple has cut its expectations for the iPhone 17 Air, which is now projected to account for about 20% of total unit sales, down from an earlier 30%. The base model's display was also upgraded to 6.3 inches, aligning it with the Pro version.