Apple, whose market value has now climbed to over $564 billion US, was expected to report a third quarter net income in the range of $9.8 billion, or $10.38 a share, on $37.35 billion in revenues.
That would be an increase in profit of about one third from the same period last year. Investors will be watching for the latest numbers on shipments of iPhones and iPads, and especially how smartphone sales have been affected as some consumers wait for the launch of the iPhone 5, widely expected to be in October.
The iPhone contributes to more than half of Apple’s revenues, so even small changes can affect profits.
Brian White at Topeka Capital Markets expects Apple to report selling 30.9 million iPhones, while Andy Hargreaves at Pacific Crest expects it to report selling 25.4 million. In the first three months of the year, Apple shipped 35 million.
Apple(AAPL) climbed 0.37% to $606.13 on analysts' strong forecasts. Analysts polled by Thomson Reuters expect Apple to generate earnings of $10.37 per share on $37.21 billion in revenue in the second-quarter.
The trend in iPads is expected to be stronger, as Apple launched the latest model just two weeks before the start of the third quarter. White expects it to have shipped 15.9 million units, which would be a record, while Hargreaves expects it to have shipped 14.3 million.
That would beat the January-March quarter but not the holiday-fueled October-December quarter.
Apple shares, which have climbed by nearly 50 per cent so far this year, were trading at $606.32, up $2.49, on the Nasdaq in late morning trading.
For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
apple stock
- China, Asian stock markets outlook 2013
- Reason why Apple shares prices down
- Apple iPhone market share prediction 2013
- material psychological impact for Apple investors
- why apple stock drop at at $500
- Apple will to offer a cheaper iPhone 2013
- Apple stock prices forecast 2016
- Apple stock rating prices target by Barclays
- Analyst why Apple share price down dec 5 2012
- Apple stocks prices will $1,000 per share
- Why Bob Iger Disney CEO buy apple stocks
- Apple Stock analysis november 20 2012
- Apple stock analysis november 19 2012
- Apple stock prices for september 25 2012
- apple stock prediction week september 24-28 2012
- Apple stock prices september 21 2012
- Best Apple iPhone 5 Supplier Stocks for long term
- Apple iPhone 5 debut september 21 2012
- Bofa Apple stock prices price target
- Apple stock prices september 18 2012
- Apple stock prices september 17 2012
- Will Apple Release iPhone 5 september 12 2012
- Analysis Apple stock prices for september 12 2012
- Apple stock prices september 10 2012
- how will Apple iPhone 5 Sales september 12 2012
No comments:
Post a Comment