“Apple told Wall Street to expect total sales somewhere in the range of $63.5 to $66.5 billion — representing, at the midpoint, 15% growth from fiscal Q1 2014,” Philip Elmer-DeWitt reports for Fortune.
“Analysts aren’t buying it. They saw the lines for the new iPhones. They’ve seen IDC’s Mac numbers. They know iPad sales haven’t totally died. They watched Apple shift production to meet demand for the larger — and higher margin — iPhone 6 Plus,” P.E.D. reports. “They’re expecting a big quarter.”
“Investors are expecting a beat, and they’ve bid up the stock accordingly to within 6% of its all-time high,” P.E.D. reports. “Whether it goes up or down from there depends — at least in theory — on how big last quarter was and what kind of guidance Apple gives for the one that ends in March.”
Read more in the full article here.
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