“Apple’s overseas manufacturing partner Foxconn is reportedly expected to ship an enormous 20 million iPad 2 units to Apple in this quarter, setting the company up to once again break sales records,” Katie Marsal reports for AppleInsider.
“If Foxconn meets that estimate, it would represent 60 percent sequential growth in shipments, according to DigiTimes,” Marsal reports. “iPad 2 orders are expected to be a major source of growth for the China-based operation, though Foxconn declined to comment on any specific clients.”
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Marsal reports, “To put the numbers in perspective, during its last fiscal quarter, Apple announced it had shipped a record 9.25 million iPad 2 units, which was a 183 percent increase over the year-ago quarter. Apple’s figures represent the total number of units actually shipped, rather than the number of iPads built and supplied by Foxconn.”
Read more in the full article here.
that is 10.75 million more than last Q. Assuming $650 ASP, that is an additional $7 billion in revenue.
In terms of EPS –
7 billion * .40 (marign) = 2.8 billion operating profit.
2.8 billion * .755 (tax rate last Q was .245) = 2.11 billion profit.
2.11 billion / 938 million shares = 2.25 per share.
If everything remains equal relative to last Q, EPS will be 7.79 + 2.25 = 10.04.
the WS shsysters know this but will do everything to divert attention and keep manipulating the stock each week.
havent they heard the brilliantly-marketed $99 hp touchpad is going to make the iPad obsolete?
lol… Thanks for that, it made my day! 🙂
Apple’s figures represent the total number of units actually shipped, rather than the number of iPads built and supplied by Foxconn.
So it includes all those shipped to warehouses where they are awaiting buyers?
/snark
Last Q apple shipped 9.25 million ipads. Assuming that apple is pretty good a just in time production, units shipped by apple are probably behind by a week of foxconn production. Foxconn end of Q was the end of the month. apple end of Q is a week earlier.
Assuming, foxconn hit its stride in the last two weeks of the Q, the lag between what apple shipped by the end of their fiscal Q and foxconn shipments by the end of their Q, is about 3 million.
Foxconn probably has very little inventory in their warehouses (a weeks worth). Apple will hiot 20 million ipads this Q.