Wilcox reports, “Wall Street revenue consensus for both companies is close enough to assert Apple could — I believe will — top Microsoft during second quarter… Today, the average analyst consensus for Apple is $14.37 billion, with a range of $13.32 billion to $15.08 billion. For Microsoft: $15.22 billion, with range of $14.80 billion to $15.72 billion. Over the last couple quarters, Apple revenue came in well above consensus — nearly $1.5 billion in first quarter.”
“Apple estimates changed little from April 23 or my last post about this topic on June 3. I’m convinced that Wall Street isn’t strongly enough factoring iPad into their revenue estimates. Assuming just $500 revenue per device, Apple opened a new product line worth $1.5 billion,” Wilcox reports. “My estimate is conservative.”
Full article here.
MacDailyNews Take: “What I can’t figure out is why he (Steve Jobs) is even trying (to be the CEO of Apple)? He knows he can’t win.” – Bill Gates, June 1998
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]