AAPL earnings after market close....

Lots of anticipation on these numbers, they have to show big numbers

Here, via Bloomberg's terminal, is what analysts are expecting from Apple:

  • Revenue: $67.5 billion, which would be up 17% year over year.
  • Earnings Per Share: $2.60, which would be up 25% year over year.
  • iPhone units: 65 million, which would be up 27% year over year (whisper number is closer to 69 million).
  • iPhone average selling price (ASP): $668 (it was $602.92 for the previous quarter).
  • iPad units: 22 million, down 14% year over year.
  • iPad ASP: $436
  • Mac units: 5.5 million units, up 15% year over year.
  • iPod units: 3.5 million.
  • Gross Margin: 38.5%.
  • March quarter revenue guidance: $53.70 billion.
 
Record first quarter earnings. This was obvious ....if they never released the iphone 6 with the bigger screen this would have been a good short....new phone gave them just what they wanted. Record breaking quarter...should be at new highs by end of week.
 
The company reported earnings of $3.06 per share on revenue of $74.6 billion.Analysts had expected Apple [AAPL 109.14 -3.96 (-3.50%) ] to report earnings of about $2.60 a share on $67.69 billion in revenue, according to a consensus estimate from Thomson Reuters.Of 43 analysts polled on EPS, the most optimistic of the bunch expected earnings of $2.97 per share. Of 40 analysts polled on revenue, the most optimistic expected sales of $74.27 billion.Sales of iPhones hit 74.5 million units versus a 65.7 million estimate. Sales of the iPad hit 21.4 million units versus a 22.2 million unit estimate.Apple's cash pile rose to almost $178 billion, up 15 percent from the prior quarter.
 
An Apple a Day: This afternoon, Apple will report its quarterly earnings. Sales of its iPhone 6 line is expected to hit record levels, and revenue is projected to come in at $67.5 billion in Q1 – more sales in a three-month period than Google Inc. (Nasdaq: GOOG) generated in all of 2014. Q1 AAPL earnings will break records when delivered today (Tuesday), led by blockbuster sales of the iPhone 6. Every indication points to Apple Inc. (Nasdaq: AAPL) walloping expectations when the Cupertino, Calif.-based tech titan reports earnings after market close. Here's a breakdown of what to expect from Apple stock and why this remains one of the best stocks to own in the 2015.
 
Record breaking quarter...should be at new highs by end of week.
Maybe, maybe not.
Sure, a big gap is coming (+8%). But sometimes gaps are made to be filled !
Wait and see... Always expect the unexpected.

Chris Mac
 
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