Tag Archives: aapl

Apple Crushes Q1 Earnings Forecasts On iPhone Boom

Wall Street expected Apple to report a huge holiday quarter, and it didn’t disappoint. The iPhone maker’s earnings and sales smashed even the most optimistic expectations, sending shares higher late Tuesday. For its fiscal first quarter ended Dec. 27, Apple (AAPL) earned $3.06 a share on sales of $74.6 billion. EPS leaped 48% from a year earlier and sales 30% — both the best gains in 11 quarters. It was the third straight quarter of accelerating

Apple analysts raise iPhone sales targets ahead of Q1 report

Wall Street analysts have been bumping up their iPhone sales targets ahead of Apple’s (AAPL) December-quarter earnings late Tuesday. Consensus estimates point to about 67 million unit sales, but some analysts are looking for 70 million or more. Besides how many iPhones Apple sold last quarter, analysts will be looking at the mix of phones sold. In particular, they want to see if Apple sold more higher-margin iPhone 6 Plus handsets and models with icher flash memory configurations. Nomura analyst Stuart Jeffrey on Monday raised his iPhone unit sales estimate for the quarter to 69 million from 65 million. He estimates 64-gigabyte models are now half of production volume, which will boost average selling prices and gross profit margins. Consequently, Jeffrey raised his fiscal Q1 sales forecast by 1.5% to $66.6 billion and earnings-per-share forecast by 1.9% to $2.53. But Nomura is neutral on Apple stock, with a price target…

Asia Smartphone Growth Seen Slowing, Affecting Apple

Apple (AAPL), HTC, Samsung, Sony and other high-end vendors of smartphones are expected to be pressured by a huge slowdown in Asia’s smartphone growth in 2015, especially in China, says a report by tracker ABI Research. ABI says in its analysis that the relentless smartphone growth that’s characterized Asia-Pacific region over the last several years fell from from 43% in 2013 to 17% in 2014, and will drop further to just 10% in 2015. One reason is