What Wall Street expects from Apple’s earnings report today

“Wall Street analysts are expecting Apple to report revenue of $61.57 billion and earnings per share of $2.78, according to a Refinitiv survey,” Steve Kovach reports for CNBC. “Analysts are predicting sales of 47.5 million iPhones, 10.53 million iPads and 4.87 million Macs, according to StreetAccount and FactSet.”

“A big theme will be the rising average selling price (ASP) of the iPhone,” Kovach reports. “If Apple can hit the Street’s estimate for earnings per share, that would mark a 34 percent increase from a year earlier.”

“Bernstein analyst Toni Sacconaghi wrote last week that Apple’s bet to charge more for the iPhone will pay off in a big way. He predicted an $800 ASP for iPhones in the fourth quarter, up 29 percent from the year-ago quarter,” Kovach reports. “That figure doesn’t even account for the iPhone XR, which went on sale at the beginning of the current period. Many predict the XR will be the most appealing model and could increase ASP quite a bit more during the holiday quarter. Apple’s guidance on Thursday should provide even more clues as to how well the more expensive iPhones will sell.”

Read more in the full article here.

MacDailyNews Note: As always, we’ll report Apple’s earnings results right around 4:30pm EDT today, right after the closing bell, and then follow up with live note from Apple’s conference call with analysts (look for that link on our home page around 4:45pm EDT).


      1. Apple is still seen as the iPhone company and nothing else. Buffett might feel differently, but he’s in a small minority. Apple will never be able to convince Wall Street that Services will boost Apple in the long run. Meanwhile, if Apple can’t sell more iPhones every quarter, then shareholders will feel the pain of Apple’s stock sell-off by greedy big investors.

        There’s no way I’m dumping my Apple stock because of weak guidance. I think Apple is uncertain how the economy is going to play out in the near-term and they’re wise to indicate that. I’m not exactly sure why investors need a break-out of product units as long as the revenue and profits continue to grow. Somehow, they’re unhappy about this.

        I’m not concerned because I’m happy with my Apple dividends every quarter. This share price drop doesn’t faze me at all. I might be pissed the FANG stocks are outperforming Apple but that’s about it.

        1. M48 Mostly agreed !
          .iPhones .. services…wearable..macs……car….. a time machine.. ….etc;)

          At the end of the day It all boils down to revenue and earnings trends .
          To me, as an investor, it doesn’t matter where they come from..

          And personally im glad Apple wont be reporting iphone units anymore..
          good! ..Less for Analcysts to manipulate the stock with.

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