“Apple Computer reports earnings at the close of business today. Overall consensus analyst estimates are for the company to earn about $0.44 a share on revenue of $4.4 billion for its fiscal Q3. However, when we plug the numbers into our financial model, we see pretty different numbers. I come up with the same $4.4 billion, but I believe that Apple will earn about $422 million in profits, putting basic earnings at $0.50 a share, and diluted earnings at $0.48,” Carl Howe writes for Blackfriars’ Marketing.
Howe writes, “Why so optimistic? The numbers I have are driven not by iPod sales, but by Intel-based Macintosh sales, specifically MacBooks and MacBook Pros. Go to any software developer conference nowadays, and MacBooks and Powerbooks are rampant; some have even gone as far as to say that Apple laptops now are the platform of choice for developers. This will be the first full quarter of MacBook Pro sales, and the MacBooks were available for about half the quarter. I expect those sales to come in above most analyst expectations.”
Full article here.
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