Analyst: Apple will outperform for fiscal Q213

“Apple’s second quarter results are just a couple short weeks away, and Credit Suisse analysts believe the company will beat expectations,” Mark Knapp reports for Wall St. Cheat Sheet.

“Credit Suisse’s Kulbinder Garcha reiterated an Outperform rating and a price target of $600 on Apple shares Tuesday morning in a research note seen by Barron’s,” Knapp reports. “He expects solid growth in iPhone sales in the second quarter, but predicts a slowdown during the third quarter… Garcha wrote, ‘Apple remains well position with a privileged advantage in the compute market and will be able to maintain momentum across key product lines driven by continued innovation in hardware, software and services.'”

Knapp reports, “For the second quarter, iPhone sales are expected to reach 38 million units, which represents a year-over-year increase of 9 percent. But, for the third quarter the analyst’s sales expectations are set at just 31 million units… [which] would still be an 18 percent increase from the year-ago quarter.”

Read more in the full article here.

Related articles:
Canaccord Genuity ups its Q213 iPhone projection by 7.2% to 37 million units – April 8, 2013
Apple to webcast Q213 earnings release conference call on April 23rd – April 3, 2013


  1. “Apple’s second quarter results are just a couple short weeks away . . . .”

    And this from a professional writer/analyst! Where’s the “of” after “couple”? And what, pray tell, is a short week? I realize the patois of the internet mimics the lowest common denominator of American speech patterns, but for the love of Gawd, can’t he do ANY better than this?

    Sorry for the observation. Getting fed up with verbal (not oral) sloppiness.

    1. It’s analyst code to their better patrons. The inclusion of the word “short” is an instruction to them. That’s why he raised his expectations. Begin shorting AAPL because with these raised expectations, AAPL is sure to “miss” and the shorts will win.

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.