With Apple set to reveal its fiscal Q2 earnings after market close today, analysts are expecting double-digit year-over-year growth in all categories except iPads. Fortune‘s roundup says that analysts predict revenue of $56.84B, up a massive 24.5% year-over-year, and above the top end of Apple’s $52-55M guidance. Earnings per share is predicted to be $2.21, up a third on the previous year, with gross margin just shy of Apple’s top-end guidance at 39.4%.
Double-digit growth is expected in both iPhones and Macs. For iPhones, the prediction includes sales just under 56M, 32.6% higher than the same quarter last year, while Mac sales are forecasted to hit 4.7M, 13.6% up on last year …
iPad sales are the only blot on the copybook, with the fall in sales expected to continue, down from 16.35M in Q2 last year to 13.92M this year, a drop of 14.9%.
Of course, while the market will be eagerly awaiting the actual Q2 numbers, it’s likely that the most eagerly awaited number of all is for a rather shorter period: Apple Watch pre-orders. It’s not certain that Apple will reveal these – the company has previously indicated that Watch sales will fall under an ‘Other’ category in its actual accounts, in there with iPods, Apple TVs and so on – but given the apparent success of the launch, we’re hoping that Apple will choose to at least share opening weekend pre-orders. The ‘Other’ category results that include Watch sales won’t be due out for another quarter as sales only started this month.
You can see the full Fortune analyst roundup below. We’ll of course be bringing you the actual numbers and all the news from today’s earnings call as they are announced at 2pm PT/5pm ET.
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Start selling your AAPL shares right now if you haven’t yet. This is the same as it’s always been. When the stock takes a dive later today and tomorrow, buy those shares back at a discount and then watch them slowly climb back up. Double profit.
Apple is a company you hold fro long long term if you can. Don’t trade apple. Hold it for long term and you will do very well. I have apple since 2011.
You’d have a lot more if you traded in and out during quarterly reports. Much more risk, but more returns when you sell high buy low. I can’t remember it playing out differently in the past 15 years.
How’d that work out for you, Bruno?
Let’s hope this forces Apple to give us at least another 100 GB of storage capacity for the next iPad. That would make me buy a new one fast!
yes, lets hope !
“Never Get Emotionally Involved With Your Stock!” — Advice from all successful investors!
Too late for me – I am so emotionally attached to my shares. :(
It’s unfortunate for Apple shareholders, but good sales numbers for Apple doesn’t mean Wall Street is going to give much of a boost to Apple’s share price. Tesla is up nearly 8% for reasons quite unclear. Apple is up 2% with reasons clearly stated. Tesla profitability won’t be seen for years so it’s quite obvious Tesla and Apple are being valued by different rules. Wall Street doesn’t know for certain how much Apple will increase dividends or how much they’re going to spend on repurchases, but it appears anticipation is low.
I feel Apple’s share price will continue to climb no matter what happens today, so I’m not concerned about that. I’m only pointing out how biased Wall Street is for certain stocks and not others based on rules that are very difficult to determine. Tesla may do well in the future, but how can anyone tell that. That’s just blind faith.
The reason Tesla is not profitable is because they reinvest pretty much everything they earn back in R&D.
But I agree with you that Wall Street acts very weird when it comes to AAPL.
Bit off topic but anyone else thinking the iMac might get a new look later in the year?
Apple is doomed. :)
expectation’s high. sell on the news
You were saying?