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
The estimates range from 27 to 38.5 million. The best analysts' consensus: 32.1 million
FORTUNE -- In a note to clients Friday Wedge Partners' Brian Blair warned that the Street's expectations for Apple's (AAPL) iPhone sales in the June quarter might be getting dangerously out of line.
"In January," he wrote, "Apple reported a monstrous 37 million units for the December quarter, followed by an almost equally strong March quarter of 35 million MOREPhilip Elmer-DeWitt - Jul 10, 2012 12:22 PM ET
The estimates range from 12.7 to 24 million. The best analysts' consensus: 18.75 million
FORTUNE -- iPad unit sales. That's the number that jumps out from the estimates I've gathered so far for Apple's (AAPL) third fiscal quarter of 2012, which ended June 30th.
There's more to come, but as of Monday, July 9, I've seen 61 estimates -- 28 from the professionals who cover Apple for banks and brokerage houses and MOREPhilip Elmer-DeWitt - Jul 8, 2012 6:05 PM ET
Expected to easily beat guidance. iPad sales should up a lot, iPhones down a bit.
FORTUNE -- Following a pattern that has become familiar to hard-core Apple (AAPL) watchers, the company announced today that it has scheduled its earnings call for the third fiscal quarter of 2012 on the first Tuesday three weeks after the last Saturday of the quarter, which ended June 30.
Got that? If so, you should already know that the MOREPhilip Elmer-DeWitt - Jul 2, 2012 7:24 PM ET
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