Tag Archives: aapl

Apple analysts place their Q3 bets before windows close

Wall Street analysts on Monday made last-minute tweaks to their Apple (AAPL) financial models ahead of the company’s fiscal third-quarter report, due after the market close Tuesday. The most important question for Apple’s results is how iPhone sales did in Q3, since smartphones represent the lion’s share of the company’s revenue and profit. S&P Capital IQ analyst Angelo Zino on Monday reiterated his hold rating on Apple stock with a price target of 150. Zino is ahead of consensus estimates on sales and EPS for Apple in the June quarter and raised his forecast for the September quarter. Apple stock was up more than 2%, near 133, in afternoon trading on the stock market today. “IPhones, which recently represented 69% of Apple’s revenue, should continue to benefit from easy comparables since moving to larger-screen iPhones (iPhone 6 at 4.7 inches and iPhone 6 Plus at 5.5 inches),…

Apple Q3 Mystery: How Many Watches Did It Sell?

The biggest mystery surrounding Apple’s (AAPL) June-quarter earnings report Tuesday is not whether Apple sold a zillion or a gazillion iPhones. It’s whether the company will break its silence and quantify how many Apple Watches it sold during that product’s first full quarter of availability. Wall Street analysts are expecting a bang-up quarter from Apple because of continued strong sales of its iPhone 6 series smartphones. The Cupertino,

Higher iPhone prices could bring Apple earnings surprise

Apple (AAPL) could spring an earnings surprise on investors next week if it sold more higher-end iPhones than Wall Street expected in the June quarter. That’s what UBS analyst Steven Milunovich thinks will happen. Milunovich is above Wall Street’s consensus view on sales and earnings per share for Apple’s fiscal third quarter. He expects Apple to earn $2 a share on sales of $52.5 billion, while Wall Street is looking for $1.79 EPS on sales of $49.1 billion. The primary difference is iPhone’s average selling prices. UBS says the iPhone ASP will be $660 vs. Wall Street’s consensus of $636. Milunovich’s thesis is supported by a CIRP survey of U.S. iPhone buyers in June. That survey found an increasing percentage of iPhone buyers choosing the more expensive iPhone 6 Plus and iPhones with greater flash storage. The CIRP survey found that the percentage of iPhone buyers getting the jumbo iPhone…