The forecasts range from 14.8 million to 23 million. The median estimate was 18 million.
UPDATE: Tim Cook's announcement at the iPad mini event that Apple sold 100 million iPads as of two weeks ago -- only 16 million more than Q3's total -- has thrown most analysts for a loop. They've been scrambling ever since to adjust their models.
FORTUNE -- Talk about an expectations gap! You could drive a truckload MOREPhilip Elmer-DeWitt - Oct 18, 2012 12:50 PM ET
As Apple's share price passes $665, are some analysts having second thoughts?
FORTUNE -- After Apple (AAPL)'s third fiscal quarter earnings came in below Wall Street's expectations, several analysts -- including Goldman Sach's Bill Shope, ISI's Brian Marshall and BMO's Keith Bachman -- lowered their 12-month price targets (to $790, $710 and $680, respectively).
At least their targets are still higher than Apple's current price. After setting new record highs two sessions MOREPhilip Elmer-DeWitt - Aug 22, 2012 7:30 AM ET
The professional in Q3 made the independents look like what most of them are: Amateurs
FORTUNE -- "Don't play darts with Katy Huberty," one of our readers commented after Apple (AAPL) reported earnings Tuesday that fell short of every other analyst's expectations. "She's on a hot streak."
If ever there was a quarter in which it paid an Apple analyst to be cautious, this was it. Morgan Stanley's Katy Huberty, whose low-ball MOREPhilip Elmer-DeWitt - Jul 25, 2012 7:30 AM ET
Reports profits of $8.8 billion on sales of $35 billion. Wall Street was looking for $37 billion.
FORTUNE -- Apple (AAPL) did a rare thing Tuesday: It disappointed Wall Street.
Although it reported sales and earnings ahead of its (typically) low guidance, and although CEO Tim Cook declared himself "thrilled" that the company sold a record 17 million iPads in the quarter, the stock immediately dropped more than $30 in after-hours trading.
Analysts had MOREPhilip Elmer-DeWitt - Jul 24, 2012 4:46 PM ET
The pros are looking for earnings of $10.33 on sales of $37B. The indies are at $12.31 and $41.5B.
FORTUNE -- It's one of the most closely watched corporate events of the season: Apple's (AAPL) earnings report for the most recent quarter, set for release after the markets close today. It will be followed, I'd wager, by more analysts, investors and fund managers than the earnings statements of any other public company, MOREPhilip Elmer-DeWitt - Jul 24, 2012 8:31 AM ET
Bernstein's Toni Sacconaghi and Bullish Cross' Andy Zaky offer sharply contrasting views
FORTUNE -- "We see a reasonable probability that Apple will miss consensus revenue expectations due to macroeconomic weakness in China and Europe, a product cycle lull in the iPhone, a later than expected introduction of the new iPad into China, and the late quarter introduction of new Mac notebooks."
So begins the note to clients issued Friday by Bernstein's Toni MOREPhilip Elmer-DeWitt - Jul 21, 2012 7:10 AM ET
The revenue estimates range from a low of $35.1 billion to a high of $46.4 billion
FORTUNE -- Apple (AAPL) is scheduled to report its third fiscal quarter earnings next week, and despite the $11 billion difference between the most conservative professional revenue estimate and the most bullish independent's, the gap between the two groups is not as wide as its been in recent quarters.
That's probably a good thing, for both groups.
After MOREPhilip Elmer-DeWitt - Jul 20, 2012 6:19 AM ET
Sales may be falling, but they still represent nearly 10% of the company's revenue stream
FORTUNE -- You might think that after tracking them for nearly a dozen years, the analysts who follow Apple (AAPL) would have a better handle on the company's quarterly iPod sales. But Apple analysts tend to focus on the product lines that are still growing like gangbusters -- chiefly the iPad and the iPhone -- and they offer iPod MOREPhilip Elmer-DeWitt - Jul 17, 2012 10:23 AM ET
A whole lot of changes one week before the company reports its fiscal Q3 earnings
FORTUNE -- A flurry of analysts notes crossed our desk this morning, most of them adjusting their estimates in advance of Apple's (AAPL) third quarter earnings report, scheduled for Tuesday, July 24.
Piper Jaffray's Gene Munster has fudged his iPhone unit sales numbers -- replacing a firm 29 million with an estimated 28-29 million -- and trimmed MOREPhilip Elmer-DeWitt - Jul 16, 2012 11:49 AM ET
PC sales have stalled, but most analysts believe Mac unit sales grew 12% to 14% last quarter
FORTUNE -- According to Gartner and IDC, the worldwide personal computer market -- including both Microsoft (MSFT) Windows PCs and Apple (AAPL) Macs -- shrank by 0.1% in the June quarter, although the two research firms disagree about whether Mac sales grew or not. (See here.)
Our panel of 61 analysts -- 27 from Wall MOREPhilip Elmer-DeWitt - Jul 13, 2012 6:47 AM ET
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