“Apple is expected to turn in strong numbers when the company reports earnings Tuesday, but with a twist — for once, it may not be all about the iPod,” Amanda Cantrell reports for CNN/Money. “The expectation on Wall Street is that Apple (down $0.23 to $51.07, Research) will record yet another blowout quarter, with sales of the perennially popular iPod expected to be a big part of the story. Industry analysts surveyed by Thomson First Call are forecasting earnings of 37 cents a share, on average, for the latest quarter based on revenues of $3.7 billion.”
“That would be up from earnings of 27 cents a share and revenues of about $2.35 billion a year earlier — at the time, Apple’s highest fourth-quarter revenue in nine years, according to the company,” Cantrell reports. “But analysts also agree that Apple enjoyed high shipments of its personal computers for the quarter, benefiting from promotions tied to the back-to-school season.”
“It’s a news-heavy week for Apple. Interestingly, the company has chosen the day after its earnings report to make an announcement that it won’t talk about but what many expect will be a video-enabled iPod, upgrades to its Power Mac and Power Book lines, or both,” Cantrell reports. “Either way, Apple watchers note that trying to predict what Jobs is going to do next can be an object lesson in how to look foolish. ‘When Steve Jobs says ‘one more thing’, that’s usually pretty big; it’s probably going to be an event of some significance,’ said JupiterResearch’s Michael Gartenberg.”
Full article here.
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