“Apple is scheduled to announce fiscal fourth-quarter earnings after the market closes on Monday,” Daisuke Wakabayashi reports for The Wall Street Journal.
“Net income of $1.31 a share is the consensus of analysts surveyed by Thomson Reuters, compared with a split-adjusted $1.18 from a year earlier,” Wakabayashi reports. “Revenue of $39.84 billion is forecast, compared with $37.5 billion reported a year earlier.”
“No product matters more to Apple’s bottom line than the iPhone. It started selling the new iPhones on Sept. 19 – near the end of the quarter – but that might have been enough time to lift Apple’s results,” Wakabayashi reports. “Analysts polled by Fortune Magazine are forecasting iPhone sales of 37.8 million units in the fourth quarter, which would be a 12% increase from a year earlier.”
Read more in the full article here.
MacDailyNews Note: We will have Apple’s Q414 results as soon as they are available, on our home page right around 1:30pm PDT/4:30pm EDT.
As usual, MacDailyNews will cover Apple’s conference call with live notes beginning at 2pm PDT/5pm EDT today. The link for live notes will be posted on our home page around 1:45pm PDT/4:45pm EDT today.
No matter how great Apple’s earnings results turn out to be, the “analysts” will still find something to bitch and moan about. They do this every quarter.