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Sat, Nov 21, 2009 - 07:40 AM EST  —  AAPL: 199.92 (-0.59, -0.29%)  |  NASDAQ: 2146.04 (-10.78, -0.5%)

Apple seen beating expectations on strong Mac sales
Monday, July 21, 2008 - 01:14 PM EST

"Apple Inc.'s third-quarter results should exceed expectations, helped by strong Mac sales and deferred revenue from the earlier version of iPhone, analysts said Monday," Thomson Financial reports.

"Shares of the computer maker, which will report results after the closing bell, fell 2% to $161.60 in mid-day trading. The shares were hurt by disappointing second-quarter results from Google Inc. and Microsoft Corp. last week," Thomson Financial reports.

"Analysts polled by Thomson Reuters, on average, expect Apple to report a June-quarter profit of $1.08 a share on sales of $7.37 billion. Estimates were raised seven times over the last four weeks," Thomson Financial reports. "Apple has beaten Wall Street's expectations in all of the last four quarters."

"RBC Capital Markets analyst Mike Abramsky expects Apple to do it again, with $1.13 earnings on sales of $7.5 billion, thanks to back-to-school promotions and strong Mac computer sales. He backed an outperform rating and $220 price target on the stock," Thomson Financial reports.

"'Second-quarter Mac momentum is expected to benefit from back-to-school promotions, stimulus cheques, continued BestBuy rollout and tight inventory,' the analyst wrote to clients earlier," Thomson Financial reports.

More infor, including similar views from analysts at JPMorgan and Goldman Sachs, here.


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Jul 21, 08 - 12:28 pm Comment from: KenC

$7.51B in sales, with $1.18eps is my prediction.

Jul 21, 08 - 12:32 pm Comment from: sfgnsngnlsx

Finally, a complete breakdown of Mac sales for the quarter. I wonder how steep the slope of weekly and monthly Macbook Air sales will be, and if the slope is positive or negative.

Jul 21, 08 - 12:42 pm Comment from: jjjj

expectations, exschmectations.

It's really about AAPL's "guidance" - where they see the next quarter and beyond. This is where the ANALysts always trip up the Apple finance team. But I expect guidance to remain strong for a change, as the Mac will continue to sell 'back to school' and the iphone supply will ramp back up within a few weeks.

Will Apple shareholders (I am not one) be rewarded or kicked to the curb as always seems to happen the day after such earnings calls??

Jul 21, 08 - 12:52 pm Comment from: Fake Yiddish

"expectations, exschmectations"

Isn't it schmekpectations?

wink

Jul 21, 08 - 01:00 pm Comment from: HMCIV

Apple was also seen beating Psystar.

...senseless in a back alley smile

Jul 21, 08 - 01:25 pm Comment from: Blue Dream

Perform, yet plummet...if Google had 33% growth and dropped what...48 points?? People only invest in headlines, not homework.
Fickle portfolio leveling hedgefunds and abunch o' day traders messing up the steadfast and faithful.

Jul 21, 08 - 01:30 pm Comment from: Olmecmystic

Sad but true that it doesn't matter WHAT Apple announces (and I do believe they're gonna kick all estimates in the ass), they're going down for now.

Consider it as Apple stocks being on sale while the Street still doesn't know the real deal.

Back to school is coming up and the always blowout holiday quarter. THAT'S the real deal. (Oh, and Steve Jobs is healthy and so is the company).

Peace.
Olmecmystic cool smile

Jul 21, 08 - 01:36 pm Comment from: Mac+

My bet: 3 millions mac sold easy!!! By this time next year, it'll even be 4 or 5 millions/quarter.

Jul 21, 08 - 02:01 pm Comment from: Matrix3

Wall Street keeps creating moving targets so the short-term risk is that the Analyst will become disappointed with what they expect not the realaity or even their original forecast.

I love how the Analysts have revised their estimates up 7 times in the last 4 WEEKS!

Guess they don't want to appear that they don't kow what they are talking about. But the risk is that in their rush to be right they will overshoot what is prudent and then the stock will tank since they didn't meet their own constantly upward changing forecast.

Also, when Apple guides conservatively for the next quarter the Chick-Little Analyst are going to freak out all over again.

Seem like it has become a traders game.

Look at the issue with Yahoo - the traders just want to make a quick buck and sell the company to M$ and destroy Yahoo in the process.

My 2 Cents!

Jul 21, 08 - 02:19 pm Comment from: Blue Dream

Wall Street won't pay attention to Mac sales numbers, but HP and Dell
sure will. Apple is a growing, serious threat to them both, especially in the US, and is much more than just a thorn in their arsenal now.

Jul 21, 08 - 02:21 pm Comment from: Blue Dream

My worry next quarter is iPod sales...the iPod touch is due for a price drop...I would drop the price of all to make the fat boy iPod sales go through the roof.

Jul 21, 08 - 03:11 pm Comment from: jarrettdailynews

Expect a few mergers in the PC industry over the next few years.
we should have a space for 3-5 large players. Each doing their own everything. Microsoft should be buying one of the company's. If I was microsoft I would go after buying Dell. That way they could build the whole widget also, yeah it would be a crappy widget, but at least they would control all of it.

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