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Sat, Nov 07, 2009 - 11:23 AM EST — AAPL: 194.34 (+0.3099, +0.16%) | NASDAQ: 2112.44 (+7.12, +0.34%)

Credit Suisse boosts Apple estimates on iPhone, Mac

Friday, July 10, 2009 - 10:28 AM EST

"Credit Suisse analyst Bill Shope this morning in a note to client raised his revenue and EPS numbers [on Apple Inc. (AAPL)] based on increased estimates for sales of the Mac, the iPod, and the iPhone, though he’s still below the Street. He forecast $8.14 billion and $1.13 per share, less than the average estimate of $8.16 and $1.16. His year estimate also goes up, while trailing consensus," Ray reports. "Apple reports June quarter earnings on July 21, after market."

"Shope expects Apple sold 4.24 million iPhones in the June quarter, above his prior estimate of 3.86 million. Shope’s Mac sales estimate rises to 2.4 million units from a prior 2.3 million based on the recent introduction of new Macbooks," Ray reports. "But what really interests Shope is that Apple accounted for no sales of the iPhone from March 17 to June 17, the release date of its iPhone 3.0 software. He thinks this means a lot of iPhone revenue — and cash flow — carries over to the current, September-ending quarter, and so he thinks Apple’s traditionally conservative forecast could for once beat estimates."

"To give you an idea of the impact iPhone accounting has, his 'non-GAAP' revenue and EPS for the June quarter are $9.23 billion and $1.66, significantly higher than the numbers cited above," Ray reports. "Shope is forecasting $8.88 billion and $1.24 in official revenue and EPS for the September quarter, but Apple could beat that, he thinks, boosted by iPhone revenue, as well as higher profit from a greater mix of iPod “touch” in overall iPod sales," Ray reports.

More details in the full article here.

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Jul 10, 09 - 09:44 am Comment from: Demon

Time to churn the Monkey meat! Asshats.
Analyst know nothing and most know less then nothing.

Jul 10, 09 - 09:46 am Comment from: Rike

I'll upgrade to a 3g touch from 1g if it has a camera.

Jul 10, 09 - 10:00 am Comment from: anthony007

If the economy didn't suck so bad this stock would be 200 already.

Jul 10, 09 - 10:16 am Comment from: breeze

Even with the economy sucking so bad this stock should be 200 qnd really even more.

Jul 10, 09 - 10:20 am Comment from: Gregg Thurman

My personal estimates are:
Revenue $8.5 Billion
EPS $1.39
October Target $170.00

Jul 10, 09 - 10:26 am Comment from: almux

This sucking economy will soon need a 2000$ to buy a peace of bread!

Jul 10, 09 - 11:04 am Comment from: ralph from berlin

these estimates are so low it is laughable. even with the mac and ipod business contracting yoy (which isn't very likely) revenue will be around 9 bn (thanks to 1,8 bn iphone revenue and probably also around 300 million more itunes revenue from the appstore).

last year apple had 7,464 bn in revenue (with 410 million of that from the iphone). this quarter iphone revenue will be around 1,4 bn higher + factor in the app store and you are at around 9 bn in gaap revenue. eps likely around $1,50.

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Sat, Nov 07, 2009 - 11:23 AM EST — AAPL: 194.34 (+0.3099, +0.16%) | NASDAQ: 2112.44 (+7.12, +0.34%)

Credit Suisse boosts Apple estimates on iPhone, Mac

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Sat, Nov 07, 2009 - 11:23 AM EST — AAPL: 194.34 (+0.3099, +0.16%) | NASDAQ: 2112.44 (+7.12, +0.34%)

Credit Suisse boosts Apple estimates on iPhone, Mac

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