/// Don’t Expect Much From Apple’s Q3

July 23, 2013  |  All Things Digital

Wall Street will get a chance to take Apple’s financial pulse once again this afternoon when it reports earnings for its fiscal third quarter. And given the company’s tempered guidance when it last reported financials , analysts aren’t expecting all that much. Consensus estimates call for earnings per share of $7.34 on revenue of $35.18 billion. That’s on the high end of Apple’s guidance for the period: Revenue of between $33.5 billion to $35.5 billion. But on an EPS basis, it’s down significantly from the $9.32 company reported for the same quarter a year ago. Given those tepid numbers, a lot of the focus this afternoon will likely fall on shipments of Apple’s flagship products, the iPhone and the iPad. Wall Street consensus is that the company shipped about 26.5 million iPhones this quarter, with some analysts suggesting numbers far in excess of that. Morgan Stanley analyst Katy Huberty, for example, said last week that her supply-chain checks indicated iPhone shipments for the period of somewhere between 29 million and 32 million units . For the iPad, the Street expects shipments of about 18 million

Don’t Expect Much From Apple’s Q3

Leave a Reply

You must be logged in to post a comment.