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.
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
