“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.
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