“An analyst at UBS Investment Research says solid demand for Macs should help support earnings estimates for Apple Computer’s fourth fiscal quarter of 2006, results of which are due next Wednesday, offsetting deceleration in iPod sales that drew concerns earlier in the quarter,” Slash Lane reports for AppleInsider.
Lane reports, “In a research note sent to clients on Thursday, analyst Ben Reitzes said recent checks indicate strong demand for new Mac products, especially for MacBooks, during the back to school season. On the other hand, he said iPod growth was more subdued due partly to a lack of new iPod shuffle players which have yet to begin shipping.”
“Reitzes believes the Mac ‘phenomenon’ could bridge the gap between now and Macworld, where he expects the company will initiate a new flow of ‘very exciting’ products for the 2007 calendar year. ‘We also continue to operate under the assumption that Steve Jobs will remain Apple’s active and effective CEO based on the current facts,’ he said, referring to the company’s ongoing stock options scandal,” Lane reports.
“‘We slightly lowered our revenue estimate primarily due to lower iPod units, which we now estimate to be 8.12 million (was 8.52 million) representing 26 percent [yearly] growth (flat sequentially) given new shuffles introduced at Apple’s September 12th event are not expected to ship until mid-October,’ he explained,” Lane reports. The analyst is also modeling for Mac unit shipments to come in at 1.48 million, representing 20 percent yearly growth (up 11 percent sequentially), which he says ‘could be conservative given new products and momentum through back to school season.'”
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
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