All eyes remain on Apple as company reports earnings on Tuesday

“With the hoopla surrounding Steve Jobs’ appearance at the annual Macworld show out of the way, Apple Inc. watchers will now shift their attention to the company’s fiscal first-quarter earnings report, scheduled for Jan. 22,” Rex Crum reports for MarketWatch.

“Analysts surveyed by Thomson Financial estimate Apple will earn $1.62 a share on revenue of $9.47 billion. Such forecasts call for Apple’s per-share earnings to rise 42%, and revenue to climb 33% from the prior-year period,” Crum reports.

MacDailyNews Note: On October 22, as Apple reported its fiscal 4th quarter results, Apple CFO Peter Oppenheimer provided guidance for first quarter of fiscal 2008, “We expect revenue of about $9.2 billion and earnings per diluted share of about $1.42.”

Crum continues, “Retail research firm NPD Group says Apple’s iPods still maintain a lock on the top spot in U.S. sales of digital music and media players, with as much as 75% of the market. Gene Munster, who covers Apple for Piper Jaffray, said in a recent research note that based on NPD’s data for October and November, the first two months of Apple’s quarter point toward Apple meeting, and possibly exceeding that 25 million unit forecast. Munster holds an buy rating and $250 price target on Apple’s stock.”

“Shebly Seyrafi, an analyst with Caris & Co., said that checks of Apple retail stores and channels show the company’s “strong holiday sales stand in contrast to recent reports showing weak retail sales during the holidays. Seyrafi didn’t give estimates on Apple’s retail growth, but said the company appears to have bucked a trend that showed overall electronics retail sales in the U.S. rising just 2.7% over the same period in 2006,” Crum reports. “Seyrafi said that in Apple’s retail stores, the most popular items have been MacBook laptops, the new iPod touch and the video-playing iPod nano digital media players. Seyrafi also said interest in the iPhone remained high.”

Full article here.

36 Comments

  1. I predict that Apple stock will take a beating on wednesday after tuesday’s earnings release. Another $40 off the stock seems very likely now that there’re serious concerns for consumer confidence. Time to jump ship, IMHO.

    In other news, the new Zune is threatening iPod’s dominance. People realize how good of a media player Zune is after just picking it up and playing with it for a while at Best Buy or Wal-mart. Seems like consumers are seeing through all the fud the Mac lemmings have been generating. Jobs won’t be a happy man.

  2. As I commented in another thread, AAPL is fairly stable in an unstable and changing marketplace. They have market capitalization of 141B. They have 15B cash in the bank. They have four major market areas: computers, iTunes/iPod, iPhone, and now Apple TV movie rentals. Oh yes, and they also have Mr. Steve Jobs helming this magnificent ship into the future. All very good indicators.

    I just instructed my broker to buy more AAPL before Tuesday’s earnings report. Yes, its a calculated risk, but I’m in for the very long term. Damn the torpedoes, praise the Lord and pass the ammunition!

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