“Apple Computer Inc. today may report higher fourth-quarter sales on back-to-school demand for Macintosh notebook computers and orders of new iPod models,” Connie Guglielmo reports for Bloomberg.
“Sales in the fiscal quarter ended Sept. 30 may have risen 26 percent to $4.62 billion, said UBS AG’s Benjamin Reitzes, Institutional Investor magazine’s second-ranked computer analyst. Profit rose 1.9 percent to $438 million, or 50 cents a share, Reitzes estimated. Apple may not report earnings in detail because it plans to restate results for backdated options, he said,” Guglielmo reports.
Guglielmo reports, “MacBooks, part of a new notebook computer line using faster Intel Corp. chips, may have propelled Mac shipments to a record 1.48 million units, New York-based Reitzes said. Less-expensive iPods introduced by Chief Executive Officer Steve Jobs Sept. 12 boosted sales of the music players while the more-profitable Macs helped counter the lower iPod prices.”
Guglielmo reports, “Analysts on average predict sales of $4.66 billion and profit of 51 cents a share, based on 21 estimates in a Thomson Financial survey. Of 27 analysts tracked by Bloomberg, 23 recommend buying the shares and four suggest holding them. None say sell.”
“Estimates for Mac shipments range from 1.11 million to 1.51 million units, according to eight analysts surveyed by Bloomberg News. This will mark the eighth straight quarter sales have topped 1 million machines. If Apple sold more than the 1.38 million units it delivered in the first quarter of 2000, quarterly Mac shipments will be at their highest since Jobs introduced the machine 22 years ago,” Guglielmo reports.
Full article here.
Another strong quarter for Apple can elevate stock even though it’s within 20% of its all-time high – October 18, 2006
Reminder: Apple reports Q4 06 and FY 06 earnings today – October 18, 2006
Apple expected to surprise investors with strong Mac unit sales results tomorrow – October 17, 2006
Latest ChangeWave survey forecasts historic shift in Apple Mac market share – October 17, 2006
Apple announces FY 06 fourth quarter results conference call webcast – October 16, 2006
Apple Computer expected to dazzle Wall Street with earnings report this Wednesday – October 15, 2006
Apple expected to post higher profit, 27% sales growth – October 13, 2006
Analysts expect upbeat Q4 report from Apple on October 18th – October 12, 2006
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