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:
BMO: Apple Likely to Continue Low-Ball of Investor Guidance

BMO: Apple Likely to Continue Low-Ball of Investor Guidance

by , 10:55 AM EDT, July 15th, 2008

Apple has provided conservative investor guidance in seven of eight previous quarters, and BMO Capital believes that that Apple will do it again in the Earnings Report forecast for the quarter ending in September. The uncertain state of the economy, a gap in iPhone sales between May and July 11, and economic stimulus checks all play a role.

Keith Bachman, an analyst with BMO Capital reiterated that Apple typically beats its guidance, and while the company may forecast something around US$7.7B, the company's actual growth should exceed $8B and deliver an Earnings Per Share (ESP) of $1.21. He is expecting Apple to forecast only $1.00 EPS.

Despite the current economic problems, other analysts see solid current quarter sales for Apple, growing sales in all product lines and especially strong Mac sales. Bernstein Research analyst Toni Sacconaghi is predicting 2.52 million Mac sales for the June quarter. He believes Mac and iPod sales strength has been driven by government stimulus checks.

Mr. Sacconaghi believes that investor confidence regarding the iPhone 3G will offset disappointment over the conservative guidance offered for the September quarter.

Apple will conduct its (fiscal) Q308 financial results on Monday, Jul 21, at 2:00 PM PDT. The webcast can be listened to in realtime with QuickTime. In that webcast, Apple will report on performance for the quarter ending in June and provide guidance for the quarter ending in September.

Recent TMO Headlines - Updated September 26th

Mon, 8:08 PM
iMovie for Mac gets HEVC Support
Mon, 5:55 PM
An Extraordinary Review of the Apple TV 4K
Mon, 5:41 PM
Here are Some Apps that Are (or Maybe Aren't) macOS High Sierra Compatible
Mon, 5:12 PM
TMO Background Mode Interview with Red-Sweater Software Founder Daniel Jalkut
Mon, 4:44 PM
Mac Pro Users: macOS High Sierra has a Firmware Update for You
Mon, 3:15 PM
Get Free Bitcoins from 50 Faucets That Pay
Mon, 3:07 PM
Here's a Direct Link to Download macOS High Sierra
Mon, 2:52 PM
macOS High Sierra Performs a Weekly EFI Security Check
Mon, 2:34 PM
Siri Web Search Will Switch to Google From Bing
Mon, 2:32 PM
Time Machine and APFS: What You Need to Know
Mon, 2:21 PM
Preparation Guide For macOS High Sierra Installation
Mon, 1:42 PM
Get Ready for macOS High Sierra - TMO Daily Observations 2017-09-25
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!