How to read the meter on Apple’s June quarter guidance
April 29, 2019 by Steven M. Peters
Neil Cybart, the winner of Q1’s Earnings Smackdown—and a player in Q2’s—has handicapped Apple’s Q3 revenue guidance.
From “Apple 2Q19 Earnings Expectation Meters,” a free weekly article posted Monday on Above Avalon:
Guidance: Consensus is calling for Apple to report $52B of revenue in 3Q19. My estimate is for Apple to announce 3Q19 revenue guidance in the range of $52B to $55B. There are two possible explanations for the difference: Wearables revenue expectations and different estimates for iPhone sell-through demand.
Cue the guidance meter:
My take: In past Earnings Smackdowns, Cybart, like Dickens, has seen the best of times and the worst. But more often than not he’s among the top 10.
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