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 February 25th

Fri, 10:17 PM
Stanford's 'Developing iOS 10 Apps with Swift' free on iTunes U
Fri, 8:20 PM
iPhone Screen Repairs By Third Parties Now Get Some Warranty Coverage
Fri, 7:56 PM
Amazon Goes with First Amendment to Protect Alexa Recordings
Fri, 6:28 PM
An App that Automatically Notifies People of Your Trip Progress
Fri, 5:51 PM
Apple and Silicon Valley Struggle to Navigate Trump's Waters
Fri, 5:43 PM
The Thinking Behind a Female Voice for Siri
Fri, 5:13 PM
Enjoy Outdoors Activities With These Top 5 iPhone Apps
Fri, 2:01 PM
Amazon's Echo First Amendment Rights Fight - TMO Daily Observations 2017-02-24
Fri, 10:01 AM
iTunes Remote App gets Two-Factor Authentication Support
Fri, 9:00 AM
Disk Drill PRO 3 for Mac for $34.99
Thu, 6:33 PM
7 Reasons For Apple to Discontinue the Mac Pro
Thu, 6:02 PM
Can WALTR 2 Really Be Your iTunes Replacement?
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!