Analyst Sacconaghi Predicts Apple's Q2 Numbers
Analyst Sacconaghi Predicts Apple's Q2 Numbers
by , 3:00 PM EDT, April 11th, 2008
Apple will come in at slightly higher than consensus revenues at US$6.99B, according to Bernstein Research analyst Toni Sacconaghi who provided his estimates on Friday.
In addition, Mr. Sacconaghi put his estimated earnings per share (EPS) at US$1.12, gross margins at 35 percent, higher than Apple's previous guidance of 32 percent thanks to favorable NAND and DRAM pricing, according to Seeking Alpha. In addition, some high margin products like the MacBook Air and 32 GB iPod touch combined with no major price cuts, except the iPod Shuffle, will help Apple.
The Berstein Research analyst predicted 2.08 million Macs, 1.45 million iPhones and 10.2 million iPods.
Even though Mr. Sacconaghi expects Apple to provide guidance below the consensus for the next quarter, he sees the the launch of the iPhone 3G, available in many countries, contributing to Apple's strong calendar second half of 2008.
He concluded, "Apple’s current valuation is fair to attractive," and suggested investors take a look at the stock after Apple's announcement on April 23. He also pointed out that AT&T's quarterly report is the day before, on April 22, and everyone should pay attention to anything they say about iPhone sales.
Observer Comments
Comments are currently closed. Please email the author instead.
Recent Headlines - Updated May 23rd
- Wed, 9:31 AM
- How-To - How to Configure a Static DHCP Reservation with Airport Extreme
- 8:57 AM
- News - Apple’s Jonathan Ive Knighted in London
- 8:21 AM
- Product News - Apple Camera Raw Update Adds Canon, Olympus Support
- 7:50 AM
- TMO Quick Tip - Mac OS X: Handy Terminal Dock Tweaks
- Tue, 9:51 PM
- News - NPD: Apple Dominates Q1 Mobile PC Shipments
- 7:17 PM
- Apple Stock Watch - Barclays: Apple Is So Big…
- 4:01 PM
- Deal Brothers - New Mac Pro 12 Core 2.66GHz Intel Xeon: $4739
- 4:00 PM
- Analysis - Estimated Apple TV Sales to Date: 6.3 Million
- 3:20 PM
- Video Review - Buffalo AirStation WZR-D1800H 802.11ac Router Video Review
- 1:47 PM
- News - Apple’s Brand Value Grows 19%, Remains World’s Top Brand
- 11:13 AM
- News - Galaxy Tab Injunction Hearing Set for June 7
- 10:35 AM
- MGG Answers - How to Troubleshoot Connection Issues on Public Wi-Fi Networks
The Mac Observer Reader Specials
Macsales.com SuperSpeed SSDs from $58. Transform your Mac with an SSD Solution of up to 960GB! You won't believe it's the same machine! Once you experience an OWC SSD, no going back! - Macsales.com
Mac RAM Upgrades: MacBook Pro 16GB kits $475, 8GB Kits for $119.99! iMac 16GB RAM Kits (4x 4GB) for $229.99! Mac Pro Memory 32GB Kit for $399.99, 64GB Kit for $889.99! Mac Hard Drives 2TB Seagate SATA II for $249.99! Click Here!
If you're using a Mac, then you've gotta check out PokerOnAMac.com. Online casinos and poker rooms are literally giving away cash and the casino sites at Poker on a Mac do the unthinkable, they actually reward! Join today, the download is free! 
Looking to find online casinos for mac? We can help you find the best real money casino sites where you can play your favorite casino games including blackjack and slots. -
-
-
-
-
-
