Apple Inc. (NASDAQ: AAPL) reports earnings after markets close today, and at least one observer thinks that consensus estimates will be left in the rear-view mirror. The consensus estimate calls for EPS of $10.08 on revenue of $38.85 billion. In its third quarter of 2011, Apple missed the EPS estimate by more than -7%, a rare thing for the company these days.
Over at the WSJ blog All Things Digital, one writer is predicting a “blowout” quarter based on total iPhone sales of more than 30 million units during the quarter. The estimate for iPad shipments is around 14 million units and Apple is expected to ship about 5 million Macs as well.
That’s an awful lot of hardware, and Apple’s margins are the industry’s highest. Could be a blowout indeed.
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