Apple CEO Tim Cook will announce the company’s second-quarter earnings on April 24, and according to one analyst, it will report sales of 33 million iPhone, 12 million iPads, and 4.3 million Macs. Sounds like another great quarter, but those predictions are, on the whole, a little less than Wall Street is anticipating.
While Wall Street predicts Apple will sell 30.5 million iPhone, Piper Jaffray analyst Gene Munster believes the company will exceed that, announcing sales of 33 million iPhones instead. He said the record 37 million iPhones that Apple sold during the last holiday season is proof of the handset’s growing footprint, but the major catalyst for Apple, Munster believes, will be the appearance of an iPhone 5 — likely the be called simply the “new iPhone” — later this year.
However, Munster believes that Apple won’t quite sell as many iPads or as many Macs as Wall Street has predicted. As opposed to 13 million and 4.4 million units respectively, Munster expects Apple to reports iPad sales of 12 million, and Mac sales of 4.3 million.
But he isn’t concerned that Apple may not reach Wall Street’s targets, and he’s confident that investors will accept slightly lower figures given that the new iPad has already gotten off to a record start, selling 3 million units in its first three days. “We note that wait-times on Apple’s online store remain at 1-2 weeks for all versions of the iPad,” Munster said, “suggesting that healthy demand remains.”
AppleInsider notes that if Apple’s sales results are in line with those it has recorded in the last four years, we can expect to see a 6% uprise on its revenue, and a 16% uprise to earnings per share. That means March revenue will be around $38.3 billion, with earning per share around $11.41.Related