Did Apple just have a $20 billion quarter?

Apple Online Store“Wall Street was more than a little skeptical in July when Apple (AAPL) CFO Peter Oppenheimer offered his revenue guidance for the quarter that ended two weeks ago: $18 billion — a 47% increase from Sept. 2009,” Philip Elmer-DeWitt reports for Fortune.

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“A week after Oppenheimer’s report, the Street’s Q4 revenue consensus, according to Thomson Financial, was $18.29 billion — a measly 1.6% beat,” P.E.D. reports. “Three months and a few million iPhones and iPads later, most Apple watchers have changed their tune.”

P.E.D. reports, “Of the nine blogger-analysts we polled, all but two expect Apple to report earnings of $20 billion or more.”

Read more in the full article here.

76 Comments

  1. Global recession. Wouldn’t jack up the numbers. More market manipulation, raise expectations unrealistically to crash. Most “news” is rumor, speculation, manipulation. Blech.

  2. Global recession. Wouldn’t jack up the numbers. More market manipulation, raise expectations unrealistically to crash. Most “news” is rumor, speculation, manipulation. Blech.

  3. They ought to spend that money on fixing their phone tech support service.

    When I worked there, 15 mins max to fix a problem. Last time I called, I even did the troubleshooting for the poor sods(hoping to short out the call time)… and still it took them 45 minutes to get where I wanted with a replacement airport express….

  4. They ought to spend that money on fixing their phone tech support service.

    When I worked there, 15 mins max to fix a problem. Last time I called, I even did the troubleshooting for the poor sods(hoping to short out the call time)… and still it took them 45 minutes to get where I wanted with a replacement airport express….

  5. 12 to 15 mio iphones + 5 Mio iPads = up to 20 Mio x 650 $ = 13,5 Billons Dollar revenue alone with these 2 iOS devices.

    Apple should easily reach the 20 billion mark and will beat Microsoft in revenue for the first time since 20 years.

  6. 12 to 15 mio iphones + 5 Mio iPads = up to 20 Mio x 650 $ = 13,5 Billons Dollar revenue alone with these 2 iOS devices.

    Apple should easily reach the 20 billion mark and will beat Microsoft in revenue for the first time since 20 years.

  7. Yes of course it had. Apple’s guidance is the bare minimum that they will achieve for sure. So if they say that the guidance is 18B they don’t go under that. The question is how much over they will go…

  8. Yes of course it had. Apple’s guidance is the bare minimum that they will achieve for sure. So if they say that the guidance is 18B they don’t go under that. The question is how much over they will go…

  9. @one guy. Interesting that Gene’s estimates are near the bottom of the heap although his price target (in the high $300s) is up there with the pack. Errors? Anyway, he has a way to go and many more estimate and target raises to catch up if true.

    My estimates are north of $5 and $20b.

  10. @one guy. Interesting that Gene’s estimates are near the bottom of the heap although his price target (in the high $300s) is up there with the pack. Errors? Anyway, he has a way to go and many more estimate and target raises to catch up if true.

    My estimates are north of $5 and $20b.

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