“When Apple reports its fiscal third-quarter earnings on Tuesday, investors will be looking beyond the numbers and watching to see if the company drops any hints of what and when new products may be in the pipeline,” Cadie Thompson reports for CNBC. “‘Investors will be looking for hints about how soon and how strong and what new market categories Apple may be working on,’ said Alex Gauna, an analyst at JMP Securities. Gauna, who has a ‘market outperform’ rating on the stock with a $135 price target, said that investors will be specifically interested to see if Apple’s CEO Tim Cook drops any news about a possible smartwatch.”
“Along with the company’s push into wearables, investors will also be listening for clues about when the company plans to launch the iPhone 6, said Abhey Lamba, an analyst at Mizuho Securities,” Thompson reports. “‘Most focus will be on the iPhone 6, even though they probably won’t say much about it, investors will be trying to read the tea leaves,’ said Lamba, who has a ‘buy’ rating on the stock with a $95.35 price target.”
“Analysts expect the company to post earnings of $1.23 per share on revenue of $37.98 billion in revenue, according to a Thomson Reuters’ survey of analysts,” Thompson reports. “Strong earnings results from some of Apple’s suppliers, however, may mean the tech giant could post a positive surprise, Gauna said. For example, Skyworks posted 35 percent revenue growth year over year when it reported earnings last week and that could translate to good news for Apple, he said.”
Read more in the full article here.
“The 34 analysts polled by Fortune — 21 professionals and 13 amateurs — expect Apple to easily trump last year’s dismal June quarter,” Philip Elmer-DeWitt reports for Fortune. “They’re calling, on average, for iPhone unit sales up 14.5%, revenues up 8.5% and earnings up 18.1% year over year.”
Read more in the full article here.
[Thanks to MacDailyNews readers too numerous to mention individually for the heads up.]