“Analysts say that while the earnings report will be watched closely, all eyes will be on Apple’s event two days later.,” Crum and Gallagher report. “”
Crum and Gallagher report, “Apple (AAPL 202.10, +4.35, +2.20%) shares peaked above the $215 mark [last] week… [and] Wall Street thinks the stock will go even higher. The median price target on Apple shares right now is $250, and some analysts have gone as high as $280. The median implies an upside of nearly 20% from the stock’s current trading levels. ‘We believe shares of Apple will likely move higher when Apple reports its December quarter, based on our confidence that the Mac and iPhone momentum will continue into 2010,’ wrote Gene Munster of Piper Jaffray in a note Tuesday. ‘Hype leading up to the expected tablet unveiling on Jan. 27 should also be a positive catalyst for shares.'”
Later today, after market close, Apple’s “earnings are expected to rise to $2.06 per share for the quarter, compared with $1.78 per share for the same period the previous year, according to consensus forecasts from Thomson Reuters,” Crum and Gallagher report. “Revenue is expected to rise 18% to $12.05 billion compared with $10.17 billion last year.”
Full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
At the end of time.
My numbers:
13 billion
3.5 million Macs
25 million iPods
11 million iPhones
2.5 billion profit
why? what’s happening?
This can only mean one thing.
I’m betting at 4 million Macs.
@ Ampar,
Nice funny for early Monday morning.
Thank you
@Nashgul:
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Dream on. As much as I’d love to see it, a 25% sequential increase isn’t going to happen, or I’ll throw a round for the whole internet
I believe you mean “Beleaguered Apple Inc.”
@SeriousCommentator
Great! Perhaps… I can get mine first?
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You’re welcome jarrett and I picked a helluva day to stop snorting heroin.
Young Boy with Coffee: Excuse me, I happened to be passing, and I thought you might like some coffee.
Little Girl: Oh, that’s very nice of you, thank you.
[takes coffee]
Little Girl: Oh, won’t you sit down?
Young Boy with Coffee: Cream?
Little Girl: No, thank you, I take it black, like my men.
@ serious commentator,
Actually, Q4 was just over 3 million. So if Apple sold 4 million in Q1 that would be roughly 33% increase in sales. Q1 total of 3.75 million would be a 25% increase.
I just bought a few more shares in anticipation (but the before the market correction darn it). Even then, I expect it will soar right back…and higher.
God I love this company.
All of your estimates sound like rounding errors to me
@ Monkey Boy,
You have to forgive me, I was sitting in a flying chair when calculating those numbers.
This is going to be a good week for Apple. They are going to surprise us with one of the numbers. iPhones will definitely be good and hopefully Macs too. iPods will be lower of course.
I want Macs to be well over 3MM and set the baseline for Mac sales for this year to be over 3MM for the next year.
Can you imagine that back in the early 2000s Apple were selling only 1M macs a quarter. How things have changed.
Have fun at the conference call everyone.