Analysts Expect Records at Apple Revenue Report
10:54 am, January 25th, 2010, Ed Sutherland
Credit: f-l-e-x/Flickr
Analysts are predicting another record quarter from Apple, amid a week jammed with expectations about the Cupertino, Calif. company’s next move. In notes to investors, analysts believe Apple could announce record profit, followed by record sales, all buoyed by talk of a tablet device.
Analyst Shaw Wu of Kaufman Bros., expects Apple will report later today $12.4 billion in revenue for the three-month period ended in late December. Additionally, Wu believes the company has sold 9.5 million iPhones, 2.9 million Macs and 22 million iPods.
Although the analyst expects to see growth across all Apple products, the company is likely to report back-to-back records for the iPhone. “We will likely see a new quarterly shipment record, beating its previous 7.4 million iPhones set last quarter, and close to RIM’s record of 10.1 million BlackBerries shipped,” Wu said.
The analyst’s optimism is blunted slightly because of talk a redesigned iMac may cause production delays. However, another analyst believes Apple’s Mac sales could be headed for a new record. Piper Jaffray’s Gene Munster expects 3.1 million Macs will have sold during the December quarter, topping the 3.05 million record Apple set in October.
Vijay Rakesh, analyst with ThinkEquity, expects Apple will report $12.4 billion in quarterly earning, up from the analyst’s previous forecast of $12 billion.
“We expect a solid quarter with Mac sales up more than 20 percent quarter over quarter and iPhone sales of 9.5 million for the December quarter,” Rakesh told investors Monday. The eventual iPhone sales could be even higher due to the handset being available in 80 countries – up from 64 in September.
What about the tablet? Apple could sell 5 million units between March and September, priced between $500 and $1,000, the analyst said. Despite the tablet’s introduction implying a shift away from the family of traditional iPods, Rakesh expects Apple has sold 21 million iPods for the quarter, up from 10.2 million during the previous period.
Apple will announce its quarterly report at 5 p.m., after the market close.
[Via AppleInsider]
Posted by Ed Sutherland in News | Comment on this article
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I have a much sillier take on what’s coming up. For instance I’m guessing Steve Jobs will announce The iRonic: It’s the opposite of whatever you’re expecting. Or he’ll release The iKea: but you’ll have to put it together yourself. If you care about more crazy possibilities, check out http://www.SpiritualWanderer.com, (If not, sorry about the seeming SPAM).
Rodney Curtis, on January 25th, 2010 at 11:44 am
from your bio ……concentrating on tracking the trends and figuring out the finances of large (and small) technology companies.
I guess you’re saying that you’re a financial wiz and all and do consulting for Wall Street. Cool.
I have to take you to task here though. Your report, like so many on Cult of Mac, is extremely lightweight to the point of being simpletonian, to coin a phrase just for CoM. Dangerously inaccurate even. Did you read what you wrote before posting? Is there any kind of peer review at CoM, before publishing? Seems not. Want an example of foolish writing….
‘analysts believe Apple could announce record profit, followed by record sales, all buoyed by talk of a tablet device.’
Oh now, wait a minute, let me think, this is deep financial stuff Ed. It’s seriously profound, baby. You’re givin’ us pearls here, Son. Yes, now I get it. Apple makes its revenues first and then they go out and make some sales, right?. Wow. That’s really cooool, man. How dey doo dat Ed? I want some of thaaat baby. I get paid now and then I go out and do some work. Is that the MO at CoM? Cool. I can live with that. But then you spoil it all by saying that Q4 sales were boosted by talk of a non-existent product. Really? People buy today’s product because they heard something wonderful was coming out soon? Sales went up because people were talking about a future product Apple has never said it was making. Wow! Uberrrrr cool.
But WAIT! There’s more.
‘Apple will report later today $12.4 billion in revenue for the three-month period ended in late December’
That’s good Ed. Such a precise value for sales within such a vague period end date. With your financial acumen and working for an Apple fan site, you might be expected to know the QE date.
But WAIT! There’s even more! You write …..
‘3.1 million Macs will have sold during the December quarter, topping the 3.05 million record Apple set in October’
Eeesh!! In October they sold 3.05 million Macs (WOW, what a month!!!!!!!!!!!!) and yet, Holy Moly, by December they had sold only another 0.05 million Macs. Yikes, I’m selling all my AAPL, NOW!! Sales have collapsed. Only 50,000 Macs sold in the following 2 months!!! WTF is happening? Tell me it ain’t so, Ed. Puhleease.
But WAIT! There’s even more! Again, already! You outdid yourself, Son. You state…..
‘What about the tablet? Apple could sell 5 million units between March and September, priced between $500 and $1,000, the analyst said. Despite the tablet’s introduction implying a shift away from the family of traditional iPods, Rakesh expects Apple has sold 21 million iPods for the quarter, up from 10.2 million during the previous period.’
Ed. Really. I think I’ve said enough. I leave it to you and CoM to pick through the vague nonsense in the last extract above. Do you believe in facts? In punctuation? In talking sense?
Let’s recap something from your bio
……concentrating on tracking the trends and figuring out the finances of large (and small) technology companies.
What happened Ed? You’re usually ok when you comment on tech matters. Are you trying to live down to the GAWP at Cult of Mac? btw GAWP = Generally Accepted Writing Practices.
Big FAIL Ed. Your article is a journalistic abomination. My neighbour’s dog has a better grasp of financial markets. And of writing.
Shame on you and especially on CoM for putting this tripe out.
chano, on January 25th, 2010 at 1:08 pm
Oh dear, Chano. Calm down. This is a blog, not the financial section of a pretentious broadsheet.
Noone forced you to read this.
Oh, by the way, what’s your neighbor’s dog’s blog URL? That sounds like some interesting reading judging by your suggestion that he/she is an MA in English literature and financial market analysis.
Javid, on January 25th, 2010 at 3:36 pm
For those wanting to listen in on the conference, you can find the Quicktime stream over here: http://www.apple.com/quicktime/qtv/earningsq110/
–
http://www.drtablet.com – Tablet news, info, rumors and opinions
Dr. Tablet, on January 25th, 2010 at 3:38 pm
@Javid
Who is Noone?
And you cannot be serious about your suggestion. This was an appalling article pretending to report (that is as in reportage) market information and present it as useful and reliable. If CoM cannot be bothered with quality issues, it is a FAIL. that is a pity because things could be very different. Check out other ‘bloggers’ as you call them and you will see that CoM falls near the bottom of the barrel. As an Apple based site, that is unacceptable.
If you have a penchant for dross, I cannot quarrel with that. There is plenty of it around. Apple is a leading brand franchise and this is a very poor showing from a follower site. It damages the brand. Cult of Mac? I don’t think so. Hardly the quality you would associate with Steve Jobs from those who claim to have been inside his brain. Cheap is as cheap does.
End of rant.
chano, on January 25th, 2010 at 4:52 pm