“Apple’s earnings are set for after the closing bell Monday, and with the iPhone and iPad refreshes out of the way the next catalyst for Apple is the holiday shopping season,” Chris Ciaccia reports for TheStreet.
“Apple increasingly has become a one-quarter company, generating nearly 35% of its fiscal 2013 earnings in its fiscal first quarter, which is the holiday shopping quarter,” Ciaccia reports. “When Apple reports fourth-quarter earnings, analysts will be looking to see how far off their estimates for the upcoming quarter are, given the tremendous demand seen for the new iPhones and with reviews of the new iPads coming in glowingly.”
“Analysts surveyed by Thomson Reuters are looking for Apple to generate $13.81 a share in earnings on $55.7 billion in revenue for its fiscal first quarter [Q114],” Ciaccia reports. “Analysts surveyed by Thomson Reuters are looking for Apple to earn $7.96 a share on $36.93 billion in revenue for the fourth quarter [Apple’s fiscal Q413 results are due after market close today].”
Read more in the full article here.
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