“Here I’ve got the collected fiscal Q4 estimates of 33 Apple analysts — 21 professionals and 12 amateurs. They are all to a man (and one woman) predicting record Q4 sales and earnings (up 7.1% and 11.9%, respectively),” Philip Elmer-DeWitt reports for Fortune.
“Today should be a busy day on the Apple beat,” P.E.D. reports. ” Apple Pay goes live with the release of iOS 8.1, along with the launch of iCloud Photo Library and a functioning Handoff (which, for many of us on Yosemite, still isn’t working).”
“We should get some details about iPhone 6/6+ first-weekend sales in China, where every configuration is currently out of stock,” P.E.D. reports. “Capping it off, CEO Tim Cook and CFO Luca Maestri will host a conference call with analysts to discuss last quarter’s earnings and offer guidance for the big holiday quarter coming up.”
See all of the analysts’ estimates for Apple’s Q414 results 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.
[Thanks to MacDailyNews Readers “Arline M.” and “Lynn Weiler” for the heads up.]
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All eyes on Apple as company reports Q414 earnings today – October 20, 2014
Apple Q414 earnings, conference call on tap for Monday, October 20th – October 17, 2014
Strongly believe Apple will beat Wall Street’s expectation this afternoon due to strong sales of iPhone 6 / 6 plus. 🙂
The iPhone 6 and 6 Plus were only on sale for one week of the quarter being reported today. Considering how many people put off purchasing the iPhone 5s/5c in the months leading up to the 6 launch, I don’t expect we’ll see blowout iPhone numbers today. Not until next quarter.
Analysts are useless; their guessing have been proven to at least as random as any random observers’; in fact, most of the time amateur Apple watchers get it much more accurately.
However, analysts are harmful if they overestimate.
Sounds like a bit of double speak, first you say that analysts are useless then you point out how they can be harmful.
Anything that is harmful, toxic, dangerous, irrational and a threat to global security is beneficial and patriotic to the United Hates.
Analysts are almost always useless for good or productive purposes, but can be harmful due to their manipulative nonsense.
Yup, I think we are saying the same thing, analysis as very useful at being harmful and manipulative.
Either way the foundation of a good company should trump that.
I’m a Analyst & I say Apple sold a Boatload of iPhones
Yes, but is it a rowboat or the Prelude, Shell Oil’s biggest ship in the world?
Prelude
Earnings are going to be huge because analysts are low on iPhone #’s of both the 5S/5C which accelerated rather than dipping in Q4 and the 11 Q4 days of the 6/6Plus. I think they will hit 40mil.
None of the analysts upped their estimates when the August 2014 iOS v Android #’s ticked up for iOS and down for Android, with so many newly launched android phones versus 10 month old iPhones. That # usually fluctuates down for August due to seasonality. Also, the 5C sales are going to surprise.
“Analysts expected that…”
After Apple smashes estimates and sets all new profit record…stock drops.
Possible record quarterly earnings is driving Apple’s share price up like crazy. Oh, wait… I forgot. Apple isn’t like Google, Amazon, Netflix or Microsoft. Apple needs to prove beyond a shadow of a doubt that it’s really making a lot more revenue and sales than Wall Street’s impossibly high expectations. Apple must hit all numbers or the stock will certainly tank.
Google missed top and bottom numbers, the stock dropped a small amount and is already starting to climb anew as analysts and investors remain bullish.
If Apple has a record quarter, it might actually get back up to $100 where it was weeks ago before the boo-birds drove the stock down. I’ll be grateful for anything I can get from the Wall Street Casino.
@Boy48: I don’t want to believe you but you probably right, I already see RED on AAPL on marketwatch.com. 🙁