“Apple launched its third-generation iPhone 3GS in mid-June, and also slashed the price of the previous model to $99, which should contribute to healthy overall sales,” Madway reports. “Analysts say relatively strong consumer demand for computers and lower prices on refreshed Mac laptops may also help revenue, although there is some concern about margin pressure, given recent trends in component costs.”
Madway reports, “Wall Street is expecting Apple to post earnings of $1.16 a share on revenue of $8.2 billion in the June quarter, according to Reuters Estimates. That would be a earnings dip of about 2 percent and a revenue increase of 10 percent from a year ago. Analysts say the ‘whisper number’ is likely in the low $1.20s per share for the fiscal third quarter, and note that Apple has a history of topping expectations.”
Madway reports, “The company has beat the Street’s average profit estimate for the past eight quarters by a minimum of 8 percent, according to Reuters Estimates.”
“Analysts expect 4.5 million to 5 million iPhone units to be sold in the June quarter, although some think Apple could handily exceed those estimates,” Madway reports. “Mac shipments are seen at 2.3 million to 2.5 million units, and iPod shipments of 10 million to 11 million.”
Full article here.
