Did you catch the iPhone 4 Antenna song that Apple played in their news conference yesterday... very funny!
Expect Apple to deliver another blowout quarter when it announces earnings this week...
According to Yahoo Finance, the average earnings estimate by 40 analysts is for Apple to earn $3.10 a share this quarter, with a low estimate of $2.65 and a high estimate of $3.47. I wouldn't be surprised if Apple breaks free and announces earnings well over $3.47 a share...
The average revenue estimate by the same 40 analysts is for Apple to make $14.74 billion this quarter, with a low estimate of $13.82 billion and a high estimate of $15.74 billion... Again, it's very likely that Apple will report revenue on the very high end of the estimate, perhaps even surpass the $15.74 billion mark!
What's going for Apple to have a huge earnings blowout?
1. iPad - more than 3 million iPads were sold in the quarter, accounting for at least $1.5 billion in new business.
2. iPhone 4 - at least 1.5 million new iPhone 4 sales happened in June. This one is tricky though... Did the launch of iPhone 4 stall the sales of iPhone 3GS? Let's hope that it did not; total sales of iPhones for the quarter could end up above the 9 million mark...
3. MACs - Intel just announced that they had the best quarter in history on the sales of the microprocessors that power the majority of computers worldwide! Apple is becoming a leading player in contributing to the sales of Intel processors, and it's plausible that Apple had a huge quarter for MAC sales...
All eyes will be on Apple as it announces perhaps the biggest & baddest earnings quarter in Apple history!!
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References:
Yahoo Finance
Apple.com