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: Apple Set to Record Second-Best Quarter in its History

TMO Reports - Analyst: Apple Set to Record Second-Best Quarter in its History

by , 1:40 PM EDT, April 11th, 2006

Analyst Shaw Wu of American Technology Research on Tuesday predicted that next Wednesday, Apple will report financial results that make the first quarter of 2006 the second best in its history. He expected that the company will exceed its guidance of US$4.3 billion in revenue and $0.38 EPS.

"Specifically," Mr. Wu wrote, "we are modeling $4.4 billion, $0.43, and 8.8 million iPods vs. consensus of $4.6 billion and $0.44. For the June quarter, we continue to believe AAPL will guide conservatively, reflecting efforts to reduce inventory of PowerPC Macs and older iPod Nanos. We are modeling $4.4 billion, $0.44, and 8.5 million iPods vs. consensus of $4.7 billion and $0.48. We believe consensus revenue estimates remain unrealistically high and believe AAPL will likely make another attempt to reset expectations."

He added: "We believe AAPL is well-positioned to deliver upside with strong 2H seasonality and strong product momentum, including a new low-cost Intel portable and changes in its iPod line-up. We are modeling [Apple] to grow 35% over the next 12 months. We remain firm believers that the move to digital entertainment is a multi-year trend and that AAPL is well-positioned to capitalize with its unique and defendable iPod + iTunes and Mac franchises."

The analyst retained his "Buy" rating on the stock, which was selling for $68.58 at 1:37 PM EST on Tuesday, down 0.13% for the day amid broader Nasdaq weakness. Apple's shares jumped dramatically last week on the heels of the release of Boot Camp and then dipped slightly as investors took profits. Trading was light on Monday and through most of the day Tuesday.


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Recent Headlines - Updated December 21st

Fri,5:31 PM
Google, Samsung can’t Top Apple’s Unreleased Apple Watch
5:10 PM
Report: Apple Pay is Disrupting and Transforming Mobile Payments
4:04 PM
Apple Raises Prices in Russian App Store Amidst Ruble Meltdown
3:55 PM
The Unexpected Ways Apple Watch Will Crush the Competition
2:29 PM
6-Ft MFi-Certified iOS Lightning and micro USB Convertible Charging Cable: $21
1:41 PM
TMO Daily Observations: 2014-12-19
11:02 AM
Apple CEO Tim Cook Calls BS on BBC iPhone Factory Film
9:11 AM
McDonald’s Supersizes Sales with Apple’s iBeacon Tech
Thu,8:09 PM
BBC Films ‘Apple’s Broken Promises’ for Worker Conditions in Pegatron iPhone Factory
6:20 PM
Save 96% on The World’s Largest iOS 8 + Swift eLearning Bootcamp
5:30 PM
Apple Pay Expansion Worldwide Will Have Vast Repercussions
2:07 PM
The Story Behind Apple’s ‘The Song’ Commercial (Video)
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!