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 TMO Headlines - Updated November 21st

Sun, 10:22 AM
How To Create A Shutdown Shortcut On Your M1 Mac
Sun, 8:18 AM
Apple's Self Repair Program and Smarthome Pain Points, with Jeff Gamet - ACM 561
Sat, 10:22 AM
Connecting Multiple Monitors To Your M1 Mac
Fri, 2:29 PM
Security Friday: Chip Flaws and Data Breaches – TMO Daily Observations 2021-11-19
Fri, 2:11 PM
Jacki Weaver Joining Billy Crudup in Apple TV+ Series ‘Hello Tomorrow!’
Fri, 1:58 PM
Grell Audio Makes Audiophile-Grade Listening Accessible
Fri, 1:35 PM
Live Text Is Way Cool!
Fri, 12:53 PM
Roomba Delivers On Its Promise to End Pet Poo Disasters
Fri, 12:25 PM
Shot on iPhone 13 Pro: 'A Dozen Eggs' by Michel Gondry
Fri, 12:03 PM
Native Instruments Offers 50 Percent Off in Cyber Season Sale
Fri, 11:44 AM
Rule Approved: Banks Must Report Cyber Attacks Within 36 Hours
Fri, 11:38 AM
Cher Scarlett, #AppleToo Mobilizer, Resigns
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Daily Observations
  • TMO on Twitter!