“Apple is scheduled to announce its first quarter 2018 earnings on Feb. 1,” Daniel Howley reports for Yahoo Finance. “And while the results for the period that ended Dec. 31 should prove positive, it’s the iPhone maker’s guidance estimates for the second quarter that has Wall Street on tenterhooks.”
“‘We expect December results to easily beat guidance and consensus,’ UBS analyst Steven Milunovich wrote in his earnings preview. Milunovich expects to see revenue from the quarter to hit $89.3 billion, or about $2.3 billion more than street estimates,” Howley reports. “Bernstein analyst Toni Sacconaghi believes Apple will report total iPhone sales of 51 million to 57 million units in the second quarter. The street estimate currently calls for 61 million units.”
“It’s also worth pointing out that Apple’s services revenue is continuing to grow, despite slowing demand for smartphones overall,” Howley reports. “Apple’s long-term plan clearly involves turning services such as Apple Music and iCloud into a major chunk of its business and the company is already on its way to accomplishing that goal.”
Read more in the full article here.
MacDailyNews Note: On November 2, 2017, Apple provided the following guidance for Q118:
• revenue between $84 billion and $87 billion
• gross margin between 38 percent and 38.5 percent
• operating expenses between $7.65 billion and $7.75 billion
• other income/(expense) of $600 million
• tax rate of 25.5 percentSEE ALSO:
Apple to release Q118 earnings, webcast live conference call on February 1st – January 8, 2018
“What analysts expect…”
That must be one of the most useless topics ever written about.
Not to mention anal-cysts being a useless waste of skin in general.
As bad as analysts can be, most that post here are far, far worse (bordering on just plain stupid).
There’s always a few in every crowd true. I prefer to think of it as a “colorful cast of regulars and characters.”
Actually, your commentaries are useless, Sean. A never ending spewing of fanboy drivel, sycophantic admiration of Tim Cook, and ignorant and misguided ideas about how the market works. You are the perfect example of the bad example, so you really do have a purpose in life.
Why is it that nearly every decision Tim Cook makes Apple stock go into a tailspin or causes the news media to go ballistic? Is this happening with Amazon, Alphabet, Facebook or Netflix? No. Those companies are always seen to be squeaky clean with unlimited revenue growth. The DOJ isn’t going after Facebook or Alphabet for privacy concerns. They’re going after Apple because some iPhones have been slowed down.
Apple has quickly become a lightning rod for investor concerns and consumer mistrust. Honestly, why does Apple keep making these obvious and costly mistakes while the other tech companies manage to avoid them? What good is Apple’s legal department if they can’t advise Tim Cook before he makes these decisions? Really, it’s just crazy.
One more day until the truth is revealed. I’ll be glad when it’s over. I’m certain conservative guidance will completely sink Apple’s value but if that’s how it is, then so be it. Maybe Tim Cook will reflect on his mistakes and things will be better going forward. Apple’s investor mind-share is in shambles. One would almost think Apple is going out of business with so much pessimism weighing down the stock.
Where have you been? Apple-haters have been stirring negative crap against the company and stock for 20 years regardless of the facts. Right on cue.