“Piper Jaffray expects Apple Computer to top fiscal fourth-quarter (ended September) earnings estimates and to have a ‘very strong’ fiscal first quarter, in both Mac and iPod segments,” Ed Lin reports for Forbes. “Piper Jaffray raised the fiscal 2005 estimate to earnings of $1.44 per share on revenue of $14.013 billion, up from earnings of $1.40 per share on revenue of $13.904 billion. The firm raised Apple’s fiscal 2006 estimate to earnings of $1.65 per share on revenue of $16.805 billion, up from earnings of $1.48 per share on revenue of $15.655 billion. Piper Jaffray expects Apple to ship 858,000 iPod nano units in the fourth quarter and 5 million units in the first quarter.”
Full article here.
858,000 nanos in 4th quarter? Why is Piper’s number so inexact? Do they really think it will be 858,000 flat? Come on Piper, next time give us your real projected number, right down to the ones, no more rounding off!
UBS: Mac momentum continues building, Apple could sell 10 million iPods in holiday quarter – October 03, 2005
Citigroup raises Apple Computer share price target, expects 10 million iPod nanos sold in 2005 – September 26, 2005