The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
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.

Recent Headlines - Updated October 31st

Thu,7:17 PM
Meijer, the CurrenctC/MCX Member Who Refuses to Block Apple Pay
6:36 PM
Get Free Bitcoins with 52 Website Faucets that Really Pay [Update]
5:17 PM
Last Chance for The Bluetooth Shower Speaker: $39
5:09 PM
CES Rebrands iLounge Pavilion as iProducts, Hopes to Attract Macworld Expo Exhibitors
2:13 PM
Apple Reverses PCalc Decision; App and Widget Can Stay
1:29 PM
TMO Daily Observations: 2014-10-30
11:36 AM
Microsoft Joins the Fitness Tracking Game with Fitness Band
9:52 AM
Tim Cook’s Gay Coming Out is a Big Deal for Equal Rights
Wed,9:37 PM
MCX Holds Press Conference, Does Itself No Favors
7:30 PM
ACM 278: Apple is the New Microsoft and Thinking Differently about iPhone
6:43 PM
Apple: Widgets Can’t Calculate, Orders Featured Calculator Widget Removed
4:00 PM
The 3 Unexpected Consequences of Apple Pay Will be Huge
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!