“Hasty revisions three weeks before the end of Apple’s last fiscal quarter of the year,” Philip Elmer-DeWitt reports for Fortune.
“It happens every three months. As the end of Apple’s (AAPL) fiscal quarter approaches, the small army of analysts that cover the stock dusts off its spreadsheets, finds them overly conservative and starts issuing revisions,” P.E.D. reports. “If history is any guide, the numbers will be revised again — upward — when the company reports its Q4 2011 earnings in mid-October.”
P.E.D. reports, “The estimates we’ve seen so far from independent analysts (whose track record is considerably better than Wall Street’s) are higher on iPhones and Macs and lower on iPads. On average, they’re calling for 24.9 million iPhones, 4.85 million Macs and 10.5 million iPads.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]
Sorry, but only completely incompetent analysts could name 10.5 million figure for iPad sales in Q3.
With such sales they actually project that iPad’s sales are in decline during this quarter. Apple sold more than 3 million iPads since 6th June to 25th June (formal end of its financial quarter), a million per week. Cumulative iPad sales were officially announced for these dates.
Even a blind pig finds a walnut every once in a while. Let them make their guestimates, its only a matter of time before the geni’arses get one right…
p/e will keep going down but more slowly
highest price target this time next year is $612 but that might be lowball
If Apple was in any way concerned about financial results for the current quarter, they would have found some way to release “iPhone 5” during the second half of September (or even the last weekend of September), to get the massive initial sales surge revenue into the quarter. Instead, iPhone 5 is expected in October, during the holiday quarter that will already be HUGE. Therefore, the internal numbers for the current quarter must already be well above consensus external expectations.
What does Apple as a company have anything to be concerned about? It’s only shareholders that are concerned because anything will drive Apple’s share price down. Apple, the company is rolling in money regardless of the iPhone 5 being released after the quarter ends. Apple has such a huge and constant inflow of money, what difference does it make what any analysts say or what they get wrong.
It’s only shareholders that are going to suffer from analysts’ mistakes or hedge fund manipulation. It really never touches Apple the machine. Consumer demand is consumer demand. Every product Apple sells brings in a ton of money for Apple. The incoming revenue obviously does not stop and it’s not affected by financial quarters.
Wall Street can continue to lie about Apple slowing growth, but the reserve cash continues to pile up no matter what the share price is. Apple’s cash reserve will become larger than most companies market cap whether analysts screw up or not. That stack of reserve cash shows that Apple is making money hand over fist and nothing can change that except consumers’ decision not to buy Apple products.
They have no clue ….. Apple may blow away everyone’s number with 14 million or better ….
WTH would they go lower on iPad – when it’s finally reached full availability? That’s nuts.
I know. I think 12-14 million.
Balmer used to scream “Developers…” over and over.
Apple doesn’t scream, but everyone recognizes quality when the see and work with it.
Apple is on a roll the size of which no corporation has seen since I remember in growth year over year with double and triple digit growth rates in key products.
The competitors are totally outmatched. If a serious competitor wanted to push the envelope to duplicate Apple’s offerings (assuming they beat the patent portfolio), they would have to spend maybe 5-10 Billion per year for years in R&D and volume manufacturing and stores of all types. I just do not see that happening.
Apple is not a “play” it is a buy and hold for a multi-year period. The competition is basically sitting there doing the ho-hum product releases.