“Merrill Lynch analyst Richard Farmer sees Apple posting higher results than Wall Street expects. He recently raised his outlook to earnings of 81 cents per share on sales of $6.5 billion, above consensus estimates. The company, he wrote in a note to clients, saw strong iPod sales during the holidays. ‘We believe Mac demand has also been solid in December,’ he added, noting that more than 60 percent of iPod sales for the quarter took place in December,” The Associated Press reports.
AP reports, “Citing data from the NPD Group, a market research company, he said December is the best selling month for iPods, typically making up about 36 percent of the year’s business. The quarter accounts for about 55 percent of the year’s total sales, he added.”
AP reports, “Shaw Wu of American Technology Research sees Apple posting results in line to slightly above consensus estimates, which have moved up “considerably” over the past month.”
“Analysts, on average, look for earnings of 78 cents per share on sales of $6.42 billion, according to a Thomson Financial poll,” AP reports. “Apple said in October it expects revenue of $6 billion to $6.2 billion and earnings of 70 cents to 73 cents per share.”
Full article here.
Reminder: Apple Q1 07 financial results coming Wednesday – January 15, 2007