“My friends at Thomson Reuters tell me that Wall Street analysts expect the tech giant to earn $2/share which is lower than the $2.33/share earned last year,” Adam Sarhan writes for Forbes. “Meanwhile, the Whisper number, which is the unofficial estimate, currently sits at $2.04/share.”
“Analysts expect Apple to report $51.97 billion in revenue which is lower than the $58 billion reported last year,” Sarhan writes. “I asked Matthew Tuttle, CIO of Tuttle Tactical Management, his thoughts about Apple and he provided some intelligent feedback with respect to what portfolio managers actually care about: ‘I think they will beat slightly (because China will be solid) and then follow their normal playbook and guide down. The risk is relatively low because of their earnings, strong cash flow and their solid dividend. I expect the company to increase their dividend in the near future but I do not expect fireworks until their new products arrive.'”
Read more in the full article here.
MacDailyNews Take: It’d be nice to see some solid Mac action for developers at WWDC this year.
Past WWDC events have seen the unveiling of the PowerMac G5, the PowerPC to Intel transition, the Mac Pro (1st gen.), and the iPhone 3G.
