“Apple Computer Inc. will release one of the most anticipated technology-earnings reports next week, and by many indications Wall Street won’t be surprised if Apple thoroughly exceeds consensus expectations,” Rex Crum reports for MarketWatch. “Analysts are looking for Apple to earn 37 cents a share on $3.72 billion in sales when it delivers its fourth-quarter results on Oct. 11. As has been the case for many quarters, iPod sales will be the spotlight statistic, but analysts say that the company’s line of Macintosh computers is gaining strength and adding even more muscle to its performance.
Crum reports, “Richard Farmer of Merrill Lynch wrote in research note that he expects Apple’s Mac revenue to grow 25% over the $1.23 billion the desktop and notebook PCs took in a year ago. Farmer attributes the growth to a strong back-to-school selling season, in which Apple offered a free iPod mini with a computer purchase. Farmer said he expects Apple to exceed his own earnings forecast of 37 cents a share.”
Full article here.
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