Filed under: Apple Corporate, Apple Financial
Apple's Q4 earnings estimates looking good
Just a reminder: Apple will hold their fourth quarter financial conference call tomorrow, October 21st at 2PM Pacific time. We'll be live blogging the call, so be sure to check back for our up-to-the-minute report and analysis.What should we expect? According to estimates from research firm NPD, it's good news, especially regarding Mac sales. Piper Jaffray analysts suggest, after examining the NPD data, that Mac sales grew by 25% - 29% in the fourth quarter. That's 25% yearly growth and represents nearly 2.8 million Macs.
It has also been suggested that iPod sales numbers will be slightly better than Wall Street projections. We'll know soon enough.
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Reader Comments (Page 1 of 1)
Dennis Bates said 8:34PM on 10-20-2008
Jeez, let's see. I am predicting an announcement of record profits and record sales followed by conservative estimates for Q1 all of which will result in the stock price sinking like a stone (again).
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halapeo said 8:42PM on 10-20-2008
My god, how true is that statement. You'd think the morons on the street would get it but every quarter I've watched the same thing without fail. It'll probably go down to about $80 after tomorrows record earnings.
totoro said 8:44PM on 10-20-2008
Exactly. Even funnier, I saw an article late last week breathlessly predicting that the "Street" would be looking not at last quarters performance, but Apple's "guidance for next quarter"...as if that is something NEW for Apple's investors.
Murphy Mac said 9:38PM on 10-20-2008
I'd say that's exactly what will happen. But if we're so sure why aren't we shorting it!? If I shorted I know Apple would buck the trend. Anyway - I'm happily long.
We've seen this pattern over and over, so I'm used to that. But earnings aside, doesn't Wall Street see the phenomenal sales growth in Macs as a positive? Even before the stock fell in the current crisis the price didn't seem to reflect the sales growth or the incredible gains in market share over the last few years.
I think of my aapl as something to hold for ten years or more. Then I'll be one of those people who turned $50,000 into 2 million.
One more thing. Many say aapl doesn't split because they're watching Google - and their reluctance to split. ( Eric Schmidts influence on the board?) Despite the high cost of a share compared to many other stocks, Apple is widely held. I can't help but think a lot more people would be clamoring for shares if their $1000 bought more than a handful of shares.
Anyway - I'm not banking on tomorrow's news. Sooner or later the stock price will catch up with Apple's success.
dan said 3:24AM on 10-21-2008
I bought last week when it dipped below 90$..... so it's doomed. Sorry.
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wako said 12:30AM on 10-21-2008
those hoes at apple gave me back my money which i tried to invest in apple shares because i left >:(
i wouldve be making bank tomorrow!
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Fritz Laurel said 1:18AM on 10-21-2008
Either way, I bet their stock'll go down after their results are released (at least initially).
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Jeff said 7:32AM on 10-21-2008
Earnings good enough to raise the price about $80/share to get me back up to where I was?
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insonorisation said 7:52AM on 10-21-2008
i belive apple will overcome the market as always. Look forward to see the figures on iphone.
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http://www.noisekiller.se/
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