Apple is set to report Q214 earnings results on Wednesday, April 23rd.
“The average revenue estimate of the 37 analysts we’ve heard from so far — 14 amateurs and 23 pros — is 43.5 billion, just above the midpoint of [Apple CFO] Oppenheimer’s [Q214 guidance] range [of revenues between $42 and $44 billion],” Philip Elmer-DeWitt reports for Fortune.
“The amateurs, as usual, are a bit more bullish. They’re calling for earnings of $10.53 per share on sales of $43.66 billion. The pros are not far behind: earnings of $10.18 on sales of $43.42 billion,” P.E.D. reports. “In a note to clients Monday, Piper Jaffray’s Gene Munster predicted that Apple’s guidance would once again disappoint. He’s expecting revenue guidance of $35.5-$37.5 billion, a bit lower than the Street’s $38.3 billion, and gross margin guidance of 36.5-37.5%, with a bit more upside than the Street’s 36.5%.”
Read more in the full article here.
Related article:
Apple to webcast Q214 earnings release conference call on April 23rd – April 21, 2014
First full quarter with China Mobile and everyone knows the numbers. Everyone can see the future for Apple so well. I am again, not holding my breath. They should all tell us when Apple will stop growing and never create a new product or device. How about the uptick in sales from all the new CarPlay capable stereo devices out there. Do they even know how many billion dollar server farms Apple has built or that they are building all around the world? Exactly, what is it that they really know about anything Apple is about to do this year? (iWatch, new generation of AppleTV, total sales of the Mac Pro, …) Really, what do they really know. Except that Samsung is “better”. In their dreams and bank accounts!
Gene Munster has really fallen off the edge.
Lol Munster was beyond the edge years ago and still holds on the Apple Television Myth. Its coming just ask him¡
Gene Munster is working hand-in-hand with Wall Street, he knows WS manipulative games. It seems that AAPL plummets tomorrow earnings reports as of AAPL is in red territory today.