The company believes Apple is likely to post revenues of $1.6 billion for the current quarter, which ends this month. It says: "Recent channel checks suggest Apple will come in at, or just below, our top line number of $1.6 billion."
The analysts say that this would be a "good result in a very tough market", according to AFX.com.
Wall Street brokers First Call/Thomson Financial estimate the company's channel inventories are currently in the three-week range, but expect these to rise to four by the end of the quarter.
Apple stock closed at $23.75 on yesterday's trading.