“He thinks it sells 31 million iPhones versus his previous estimate of 30.2 million,” Yarow reports. “He thinks revenue comes in at $38.18 billion versus a previous estimate of $37.06 billion. (The Street is calling for $38.18 billion.) EPS will be $9.94 versus prior estimate of $9.44. (Street estimates are at $9.87.)”
Yarow reports, “If Apple hits his number, it will be 82% growth on a quarterly basis and 91% growth on annual basis. (In other words, holy crap! That’s just sick growth.)”
Read more in the full article here.
MacDailyNews Take: See, all of a sudden, Wall Street supposedly figures it out (not so much Shope in particular, who’s been pretty bullish on Apple, but “Wall Street” in general). As opposed to two months ago when everything was exactly the same and the upcoming monster quarter was just as blatantly obvious.
AAPL is like a buoy. Quick, it’s back on the surface! You there, analyst, and you, too, swim down and tug on the chain! Drag it under.. lower, lower… good! Now, quick, everybody jump on, and we’ll take a ride back up to the top again!
Rinse, lather, repeat.
[Thanks to MacDailyNews Reader "Edward Weber" for the heads up.]
Related article:
Apple to webcast Q112 earnings release conference call on January 24 – January 4, 2012
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