The analysts’ final estimates for Apple’s Q3 2013 are in

“The results of Fortune‘s quarterly survey of Apple (AAPL) analysts are in,” Philip Elmer-DeWitt reports for Fortune.

“The professionals are, as usual, more cautious than the amateurs — but not consistently so (see iPods, Macs and iTunes),” P.E.D. reports. “Nobody, however, is expecting a blow-out quarter. Earnings estimates are down across the board — anywhere from -7% year over year (according to independent Patrick Smellie from the Braeburn Group) to -29% (Susquehanna’s Chris Caso).”

P.E.D. reports, “Most agree that revenues will be flat or down slightly, although there’s still a $5.5 billion gap between Caso’s $32.8 billion and the $38.3 billion submitted by the Braeburn Group’s Ilari Scheinin.”

Read more and check out the full chart of the analysts’ estimates here.

Related articles:
Wall Street analysts expect Apple to report fairly miserable Q313 results – July 22, 2013
For Apple’s earnings, it’s all eyes on the iPhone – July 22, 2013
Apple to report Q313 earnings results on July 23rd amid drastically lowered expectations – July 10, 2013


  1. I don’t care. Whatever the results are, I’ll be forever Apple. Ever since switching from Windows, I’m much, much happier with my computing needs and of course much more productive, without needing to worry about updating anti-virus software patterns, etc, which is a right royal pain in the ass.

    Once you go Apple, you never go back so if there’s a blip in the results, they’ll only be temporary. I mean would you buy a Surface over an iPad? No! There’s nothing on the horizon that can topple Apple in the tablet stakes which is where the majority of the growth is, not PCs.

  2. Microsoft disappointed because of the failure of Windows 8 and Surface. Google disappointed because of mobile advertising and Motorola.

    Those things do not affect Apple. But analysts see “trends” and base their estimates on what Microsoft, Google, and Apple have in common, which is reality is not very much. What they should be doing is considering in how many ways Apple differs from Microsoft and Google.

    1. To be fair, all of these things appear similar to the uninformed analysts. The iPad and Surface are both tablets, right? And the Mac is just a PC with a strange operating system. Analysts seek to simplify things, even when that simplification is misleading.

  3. It’s going to get very ugly for recent Apple shareholders. Wall Street has every right to punish Apple for such blatant complacency. Apple is doing practically everything to dissuade investors from getting on board. There’s just nothing in it for them to buy Apple when every earnings call drops Apple’s share price that much lower. A cash-rich company like Apple can’t just go and stop introducing products for nine months. It’s unheard of. It’s like Apple telling investors to look elsewhere for companies that actually are putting out new products. I’m not sure how long Apple can continue to coast along but I know shareholders are sick of that sort of attitude. At least, I know I am.

    I’m still going to hold fast on Apple and hope for the best because I know that Apple has the cash resources to turn the company around if it really wanted to. Whether Timid Cook is the man to do it is another thing entirely. However… a company sitting on such huge cash reserves while letting shareholder value fall to the floor is something I really can’t quite understand. It just looks like Apple isn’t trying. Apple continues to do everything the hedge funds hate and I don’t think Apple can win using that strategy. They’ve got to come out with at least one hit product that has huge market share. I don’t have a clue how they would accomplish that, though. Every time Apple comes out with a hit product, 20 companies jump in and duplicate it which is really a bummer. Google is always able to one-up Apple and Apple always takes it on the chin without a hint of retaliation. Gosh, how I hate to see that happen time and time again.

    1. “A cash-rich company like Apple can’t just go and stop introducing products for nine months.”

      Exactly how long was it between the iPod and the iPhone?
      about 6 years

      And how long between the iPhone and iPad?
      about 3 years

      These were the release dates for the:

      1st gen: June 29, 2007 (2007-06-29)
      3G: July 11, 2008 (2008-07-11)
      3GS: June 19, 2009 (2009-06-19)
      4: June 24, 2010 (2010-06-24)
      4S: October 14, 2011 (2011-10-14)
      5: September 21, 2012 (2012-09-21)

      1st generation:
      April 3, 2010 (2010-04-03) (Wi-Fi)[2][3]
      April 30, 2010 (2010-04-30) (Wi-Fi + 3G)[4]
      May 28, 2010 (2010-05-28) (International)
      2nd generation:
      March 11, 2011 (2011-03-11) (United States)
      March 25, 2011 (2011-03-25) (International)
      3rd generation:
      March 16, 2012 (2012-03-16)
      4th generation and Mini:
      November 2, 2012

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