“By most accounts, Apple Computer has hit the ‘sweet spot’ of the technology market,” Scott Ferguson reports for eWeek Channel Insider.
Ferguson reports, “Several analysts, both in the IT and financial fields, believe that the Cupertino, Calif. company will deliver an upbeat fourth quarter report during its Oct. 18 financial earnings call.”
“Analysts point to the company’s exceptionally fast incorporation of Intel microprocessors into its Macintosh line of desktops and notebooks during 2006, its announcement that the new operating system, called Leopard, will be ready by early 2007 and its domination of the consumer music market through its iPod line,” Ferguson reports. “‘Apple is clicking on all cylinders,’ Tim Bajarin, the principal analyst at Creative Strategies in Campbell, Calif., told eWEEK.”
“Wall Street is calling for earnings per share of 50 cents on revenue of $4.67 billion for the quarter ending Sept. 30,” Ferguson reports. “During a conference call with analysts to announce the third quarter results, Apple officials said that they expect earnings in the fourth quarter of between 49 cents and 51 centers per share with revenue between $4.5 and $4.6 billion.”
Full article here.
MacDailyNews Note: Apple will announce Q4 earnings on October 18th after market close.
Apple’s 2006 earnings and unit sales information through Q3:
• Q1 (ended 12/31/05): revenue of $5.75 billion, net quarterly profit of $565 million, 1.254 million Macs, 14.043 million iPods
• Q2 (ended 04/01/06): revenue of $4.36 billion, net quarterly profit of $410 million, 1.112 million Macs, 08.526 million iPods
• Q3 (ended 07/01/06): revenue of $4.37 billion, net quarterly profit of $472 million, 1.327 million Macs, 08.111 million iPods
UBS analyst sees strong Mac demand – October 12, 2006
Piper Jaffray analyst sees AAPL upside due to strong Mac sales – October 12, 2006
Apple to announce sales of 1.64 million Macs for quarter? – October 10, 2006
Investrend expects Apple to report earnings of $6.72 billion – October 10, 2006
Analyst predicts Apple to sell 1.4 million Macs this quarter – October 09, 2006
Apple to announce Q4 earnings October 18th – October 03, 2006