“Among the 48 [Apple analysts] we’ve heard from so far — 29 Wall Street professionals and 19 amateurs — the average estimate for fiscal Q3 iPad sales is 18.1 million,” Philip Elmer-DeWitt reports for Fortune.
“That would represent a paltry 6.2% growth year over year,” P.E.D. reports. “Revenue from Apple’s iTunes/Software/Services line item is growing four or five times faster than that.”
P.E.D. reports, “There is, however, considerable disagreement among the bulls and bears in our analyst pool. The high estimate of 22 million iPads, submitted by independent Paul Reina of the Braeburn Group, would represent a yearly growth rate of nearly 30%. The low estimate of 13.5 million from Pacific Crest’s Andy Hargreaves is 21% below last year’s sales.”
Read more, and see the 48 analysts’ estimates, in the full article here.