Initial Q2 Estimates

  • Posted: 23 January 2009 09:38 PM

    Desktops 675,000
    Laptops 1,700,000
    iPods 12,000,000
    iPhones 3,500,000

    Revenue 8,625,000,000
    Gross Margin 2,900,000,000

    Op Ex 1,140,000,000

    Other 175,000,000

    Taxes 596,000,000

    EPS $1.47
    Apple’s Internal Earnings Estimate $1.43

    Price Targets before April expiry High $105 Low $80.  I think AAPL will see its low for the quarter by February 9.

    Of all my estimates my confidence level is weakest on desktops.

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    Posted: 24 January 2009 12:30 AM #1

    I also think that desktops are a tough call. I would think that at some point Apple will have a “Spotlight on Desktops” event in this quarter. The Mac Pro design is 6(!) years old. The Mac Mini is in desperate need of a refresh, it still comes with a combo drive! And the iMac is a great computer, but LED displays and quad-core chips would be nice. And we ARE at the 25th anniversary of the Macintosh. Seems like the timing is right, come on Apple!