FORTUNE -- One thing that jumps out at you when you're looking at a lot of Apple (AAPL) analysts' estimates -- as I have been for the past couple of weeks -- are those large, last-minute adjustments.
Sell-side analysts will often offer their clients one set of estimates a few weeks into the quarter and a second shortly before the results are due. When the change is more than billion dollars -- up or down -- it's a pretty strong signal one way or the other.
Two of those billion dollar-plus signals came in last week, just a few days before Apple was scheduled to report its earnings for the fiscal first quarter of 2014.
Both analysts attributed their new, more bullish attitude to what they're picking up about iPhone and iPad sales over the holiday quarter. As Shope put it:
"Our upward revisions for the December quarter are largely driven by better-than-expected mix for both iPhones (5s versus 5c) and iPad (air versus mini), and our increased confidence in the March quarter is largely driven by the China Mobile iPhone launch on January 17."
Coming soon: The full spreadsheet of Q1 2014 estimates. We'll get the actual results Monday after the markets close.
Forget those Galaxy S4 ads, says Credit Suisse, wearables are "the next big thing."
FORTUNE -- Computers one wears, rather than carries in a briefcase, backpack or pocket, are at an "inflection point" -- a market poised to explode from $3 billion to $5 billion today to as much as $30 billion to $50 billion in three to five years.
That's according to a Credit Suisse report snagged Friday by Barron's Tiernan Ray.
The theory is that MOREPhilip Elmer-DeWitt - May 18, 2013 9:39 AM ET
Updating price targets to account for a dividend, a buyback and 3 million iPad
Most Apple (AAPL) analysts like to publish their quarterly estimates for the current quarter the day after the company reports its results from the last. And then, unless things change dramatically, they stick with their forward-looking numbers for the next two and a half months.
Sometimes, however, Apple gets so far ahead of their forecasts that adjustments must MOREPhilip Elmer-DeWitt - Mar 20, 2012 2:27 PM ET
Who gets hurt most by Apple's entry into the $250-$400 mobile phone market?
In a 36-page report to clients issued Monday, a Credit Suisse team led by Kulbinder Garcha took a close look at the iPhone's price elasticity -- Econ 101 jargon for the question: "If I lower the price of my widget, how many more will I sell?"
Garcha et al.'s focus is the iPhone 3GS, which Apple (AAPL) last month began MOREPhilip Elmer-DeWitt - Nov 22, 2011 7:06 AM ET
Groupon's largest shareholder and chairman, Eric Lefkofsky, has a back story investors might want to know.
By Kevin Kelleher, contributor
FORTUNE -- "Lets start having fun... lets get funky... let's announce everything... let's be WILDLY positive in our forecasts... lets take this thing to the extreme... if we get wacked [sic] on the ride down-who gives a shit... THE TIME TO GET RADICAL IS NOW... WE HAVE NOTHING TO LOSE..."
This is a MOREJun 10, 2011 5:00 AM ET
By Kevin Kelleher, contributor
Troubling financials and an offering letter full of mixed messages should make investors wary about buying into Groupon's IPO.
FORTUNE --- Dear Potential Groupon Shareholder,
I'm writing this letter to provide some insight into the Groupon IPO that was omitted from the cheery, twee "Letter from Andrew D. Mason" that prefaced the prospectus filed by the group-buying startup.
You get the feeling that the original draft of Mason's letter was MOREJun 6, 2011 11:35 AM ET
A window into the concerns of the institutions that control 71% of the company's shares
As you may have noticed, Apple's (AAPL) shares have gone nowhere this year -- and nowhere but down for the past week -- despite earnings the grew 92% year over year last quarter and show no signs of slowing this quarter.
Whatever is going on with the stock price probably has something to do with the fund MOREPhilip Elmer-DeWitt - May 16, 2011 11:22 AM ET
Why did one of the world's fastest growing tech companies fall twice as fast as the market?
Boy. You leave town for one day and -- if you'll forgive an expression Elmore Leonard warns writers never to use -- all hell breaks loose.
Of course, with Japan's nuclear plants burning and the Dow dropping 242 points and change, you would expect Apple (AAPL) to take a hit. So some of its $15.42 MOREPhilip Elmer-DeWitt - Mar 17, 2011 7:18 AM ET
Management plans to stay "nimble" if sales are sluggish, says an analyst
In a report to clients issued Sunday, Credit Suisse's Bill Shope shares the highlights of a recent meeting with Apple (AAPL) management.
The one getting the most play -- first in the Wall Street Journal's Market Beat blog -- is Apple's apparent (and surprising) willingness to talk about iPad pricing.
"While it remains to be seen how much traction the iPad MOREPhilip Elmer-DeWitt - Feb 8, 2010 1:42 PM ET
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