Its quarterly report is a reality check on three months of fear, uncertainty and doubt.
FORTUNE -- Today at about 4:30 p.m. ET, Apple (AAPL) will report its earnings for the June quarter, three months about which the best thing that can be said, as far as Wall Street and much of the business press are concerned, is that things weren't quite as bad as they seemed.
According to both Thomson Finance MOREPhilip Elmer-DeWitt - Jul 23, 2013 8:33 AM ET
The forecasts of 59 Apple analysts -- 38 Wall Street professionals and 21 independents
FORTUNE -- The results of Fortune's quarterly survey of Apple (AAPL) analysts are in. The professionals are, as usual, more cautious than the amateurs -- but not consistently so (see iPods, Macs and iTunes).
Nobody, however, is expecting a blow-out quarter. Earnings estimates are down across the board -- anywhere from -7% year over year (according to independent Patrick Smellie MOREPhilip Elmer-DeWitt - Jul 22, 2013 6:31 AM ET
iTunes, Software, Services has become Apple's fastest growing revenue stream.
FORTUNE -- Analysts tend to think of the iTunes store as a metaphor. It's a "moat" that protects Apple (AAPL) from competitors. Or something "sticky" -- like honey or flypaper -- that keeps fickle customers from flying away.
But since Apple reclassified its revenues in January and consolidated iTunes, Software and Services into one line item, it's become clear that iTunes is MOREPhilip Elmer-DeWitt - Jul 21, 2013 7:32 AM ET
A round-up of the analysts' revenue and earnings forecasts for Apple's June quarter.
FORTUNE -- When it comes to quarterly earnings reports, Microsoft (MSFT) and Google (GOOG) can be tough acts to follow.
Not this quarter.
Wounded each in their own way by the shift from desktop to mobile computing, both companies reported disappointing earnings Thursday, and their shares fell sharply in after-hours trading -- Google by $37.81 (-4.15%) and Microsoft by $2.23 (-6.29%).
Apple (AAPL) MOREPhilip Elmer-DeWitt - Jul 19, 2013 5:50 AM ET
The analysts' estimates range from 13.5 million to 22 million. The median is 18 million.
FORTUNE -- Apple (AAPL) refreshed its iPad line out of sequence last fall to capitalize on the holiday quarter, and as a result the company's June quarter came and went without a new iPad to sell for the first time since Steve Jobs unveiled the device in 2010.
So nobody should be surprised, especially with competition in the MOREPhilip Elmer-DeWitt - Jul 17, 2013 11:06 AM ET
The analysts' estimates range from 23 million to 32 million. Median: 27 million iPhones.
FORTUNE -- This is the unit sales number that matters most to Apple (AAPL) -- the one for the product that accounted for nearly 53% of the company's total revenue in fiscal Q2.
And despite all the talk of a worldwide slowdown in high-end smartphone sales that followed the launch this spring of Samsung's Galaxy S4, the consensus MOREPhilip Elmer-DeWitt - Jul 13, 2013 6:57 AM ET
In the context of the industry's longest slowdown, the numbers could have been worse.
FORTUNE -- According to Gartner, worldwide PC shipments fell 10.9% last quarter, the industry's fifth consecutive quarter of decline. According to IDC, shipments are down 11.4% year over year, capping the industry's longest slowdown ever.
The main thing that's hurting PC sales, both research firms agree, is that customers who used to buy PCs are buying tablet computers instead.
In MOREPhilip Elmer-DeWitt - Jul 12, 2013 6:48 AM ET
Wall Street is looking for Apple to report zero revenue growth.
FORTUNE -- On April 24, the day after Apple (AAPL) reported its earnings for fiscal Q2, Cowan and Company's Matthew Hoffman published a revised forecast for the following quarter.
Talk about lowered expectations!
Based on the forward-looking guidance Apple gave analysts during the April 23 conference call, Hoffman cut his fiscal Q3 revenue estimate from $40.8 billion to $35.4 billion, a $5.4 billion MOREPhilip Elmer-DeWitt - Jul 10, 2013 6:20 AM ET
But its supply chain sources suggest that an iWatch this year is "increasingly likely."
FORTUNE -- "While we had expected to hear optimism around Apple's forthcoming product refreshes in this round of checks, we were surprised at the skepticism at many points in the supply chain."
So begins the latest sour note to clients from Citi's Glen Yeung, who has been down on Apple (AAPL) since he took over last year for Richard MOREPhilip Elmer-DeWitt - Jun 7, 2013 10:27 AM ET
Apple management may have found a way to tame the wild beasts of Wall Street.
FORTUNE -- One of the independent Apple (AAPL) analysts we polled in advance of Tuesday's Q2 2013 earning report had to be coaxed into participating in our Earnings Smackdown competition this quarter. It wasn't that he was afraid of going up against Wall Street's professionals, he assured me. "It's just that I don't think there's any MOREPhilip Elmer-DeWitt - Apr 24, 2013 6:50 AM ET
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