Apple may report $11.29 billion in revenue for the first quarter of 2009, more than $1 billion better
than Wall Street experts are projecting, blogger-analyst Andy Zaky wrote Monday.
The blogger, who beat analysts in his prediction of Apple’s fourth quarter numbers, wrote experts have been “absurdly bearish” with revenue estimates that “no longer reflect even a scintilla of financial reality.”
“The analysts have been consistently wrong in predicting Apple’s earnings results and this time they’re going to get their ‘hats handed to them,'” Zaky wrote on his blog Bullish Cross.
In October, Apple’s Chief Financial Officer, Peter Oppenheimer forecast revenue of $9 billion to $10 billion for the December quarter. The Wall Street consensus is a slightly higher $10.08 billion.

