Another Firm Quarter for Apple Predicts Analysts
The quarter ending the 27th of March was a big quarter for Apple news wise, with the intro of the iPad, lawsuit against HTC along with acquiring Quattro and then there was the kafuffle over the lost iPhone 4G of course which we have posted on and has now been returned to Apple.
However, stockholders aren’t interested in new but rather in higher earnings a share and rising sales, and Apple’s past performance has been impressive and according to an article over on Cnet, analysts do not expect anything different when Apple reports their second quarter 2010 earnings.
Apparently Apple’s revenue for the quarter is estimated at between $11.2 billion and $13.25 billion while earnings a share are targeted between $1.93 and $2.72 which implies a growth in sales of somewhere between 38% and 62% from the same period of the previous year.
Piper Jaffary analyst, Gene Munster is somewhat conservative and estimates iPod sales will be down between 9% and 17% while Mac sales will rise to 31% from 25% in the second quarter while with the iPhone Munster anticipates 6.9 million handsets sold during the quarter which is 82% higher than a year ago.
Bernstein Research analyst Toni Sacconaghi is anticipating a growth of Mac sales of roughly 40% and a decline in iPod sales by 10% with a 92% rise in iPhone sales.
As for the Apple iPad, well as that only began selling as of the 3rd of April and the quarter ended on the 27th of March it is not a factor just yet.