Jay Yarow reports for The Business Insider, “We’re not sure what to expect from Apple this quarter. Apple has missed analyst estimates two of the last four quarters. Tonight could very easily make it three out of five.”
“It already whiffed on iPad estimates. During Apple’s iPad mini event, CEO Tim Cook basically told investors Apple sold 15 million iPads during the September quarter,” Yarow reports. “Analysts had been expecting 17.6 million iPads sold. We’re going to be listening carefully to hear Apple’s explanation of why iPad sales came in light.”
Yarow reports, “As for the iPhone, which is the biggest part of Apple’s business, it’s a real wild card. Piper Jaffray says buy side expectations are at 25.3 million units… Apple’s entire quarter comes down to this question: How many iPhones did it sell?”
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MacDailyNews Note: On July 24th, Apple CFO Peter Oppenheimer provided Q412 guidance of “revenue of about $34 billion and diluted earnings per share of about $7.65.” Analysts’ consensus estimates are calling for Apple to report $36.02 billion in revenue, $8.81 EPS.