“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.
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