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 June 29th
- Tue, 4:11 PM
- Apple TV+ Signs First-Look Deal with Maya Rudolph's Animal Pictures Following 'Loot' Premiere
- Tue, 3:31 PM
- Tales From the Rumor Mill: What's Next for Apple TV Including New Chip, RAM, Siri Remote and More
- Tue, 3:28 PM
- Apple Watch ECG Technology Infringes on AliveCor’s Patents, ITC Rules
- Tue, 1:51 PM
- Russia Fines Big Tech Companies Over User Data and Apple May Be Next
- Tue, 12:38 PM
- Foxconn Offers Summer Employee Bonus to Increase iPhone 14 Production
- Tue, 8:47 AM
- Rumored iPad mini 7 With 120Hz ProMotion Display Unlikely
- Tue, 7:37 AM
- Apple Creative Projects Showcases Artist Quentin Jones Creating Mantra Collages on iPad
- Tue, 7:32 AM
- Apple Shuts Down Hermit Spyware Distributed as Fake Enterprise App on iOS Devices
- Mon, 4:18 PM
- How Apple Watch Mirroring Works on iOS 16
- Mon, 3:33 PM
- Apple Suppliers Begin Shipping iPhone 14 Components
- Mon, 3:29 PM
- Tesla CarPlay Workaround Update Now Offers Support for All Tesla Models
- Mon, 2:39 PM
- Trailer for Apple TV+ San Fransisco-Thriller 'Surface' Goes Live