“Apple’s fiscal first quarter earnings are just around the corner. The company is expected to report record sales after the lucrative December holiday quarter,” Zack Whittaker reports for ZDNet. “As expected, the iPhone is expected to reap in record profits.”
“Wall Street is expecting the company to report earnings of $2.59 per share on revenue of $67.5 billion — well above the company’s own fourth-quarter expectations of $67.5 billion in revenue at the high range,” Whittaker report. “Estimates peg Apple to have made 66.5 million iPhone sales during its fiscal first-quarter, ending in the last few days of December. That’s up by about 30 percent year-over-year, or around 15.5 million iPhones.”
“Apple already has good stead in China, with about 12 percent market share. It’s building up retail stores, presence, and has attacked the smartphone market by working with the three major Chinese carriers. If it can maintain this momentum, particularly as the Asian markets prefer the larger smartphone, the company could see a huge growth spurt in the region,” Whittaker report. “This is the first quarter Apple will have reported the rewards from its deal with IBM.”
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MacDailyNews Note: Apple will report earnings on Tuesday. We will post the results as soon as they are available, right around 1:30pm PST/4:30pm EST.
As usual, we will cover the conference call with live notes. Check our home page at approximately 1:45pm PST/4:45pm EST for the coverage link.
Apple to webcast fiscal year Q115 results conference call on January 27th – January 23, 2015