Most see a silver lining, despite disappointing Q4's earnings and troubling Q1 guidance
FORTUNE -- The earnings report Apple (AAPL) issued Thursday evening was complicated one, and analysts on Friday -- like voters in the U.S. Presidential election -- were trying to thread the needle between hope and disappointment.
Excerpts from their notes to clients:
UPDATE: Another wave arrived Friday afternoon. New ones on top.
Sterne Agee's Shaw Wu: Rare EPS Miss But Would MOREPhilip Elmer-DeWitt - Oct 26, 2012 4:03 PM ET
For the third time in five quarters, the professional analysts outgunned the amateurs
FORTUNE -- It was a great story while it lasted.
For nearly three years the professional sell-side analysts who cover Apple (AAPL) for the big banks and brokerage houses got clobbered every quarter by a motley group of amateurs -- bloggers, day traders and individual investors who bet on Apple to beat the Street's consensus and hadn't been wrong MOREPhilip Elmer-DeWitt - Oct 26, 2012 9:06 AM ET
Reports $36 billion in revenue, $8.2 billion profit and $8.67 earnings per share
FORTUNE -- Apple's (AAPL) reported mixed results Thursday. Although its sales of nearly $36 billion beat both its guidance and Wall Street's estimates, its earnings came up slightly short.
At $8.67 per share, they were higher than the company's usual conservative guidance of $7.05. But they were less than the $8.75 Wall Street was expecting -- and that number had MOREPhilip Elmer-DeWitt - Oct 25, 2012 4:58 PM ET
Chances that global iPhone sales topped 27 million last quarter are looking better
FORTUNE -- With Verizon's (VZ) report last week, AT&T (T) on Wednesday and Sprint's (S) this morning, we now have iPhone activation numbers from all three major U.S. carriers.
AT&T: 4.7 million
Verizon: 3.1 million
Sprint: 1.5 million
Asymco's Horace Dediu has neatly summarized these and all the other U.S. activation numbers dating back to 2007 in the chart at MOREPhilip Elmer-DeWitt - Oct 25, 2012 11:08 AM ET
Lowered expectations after Tim Cook's Tuesday bombshell
FORTUNE -- On Monday, Wall Street's consensus for Apple's (AAPL) fourth quarter report -- scheduled to be released today after the markets close -- was for earnings of $8.85 on sales of $36.32 billion.
By Thursday, according to Thomson Financial, those numbers had dropped to $8.75 and $35.8 billion. And among some of the analysts who revised their estimates this week, expectations were even lower.
What MOREPhilip Elmer-DeWitt - Oct 25, 2012 7:57 AM ET
Revenue estimates range from $34.26 billion to $42.83 billion, EPS from $7.90 to $11.32
NOTE: When Tim Cook announced Tuesday that iPad unit sales hit 100 million about two weeks ago, many analysts revised their numbers downward. Those changes are not reflected in the data that follow. For updated numbers, see Analysts cautious ahead of Apple's earnings.
FORTUNE -- Something interesting happened this quarter when we polled the small army of analysts -- MOREPhilip Elmer-DeWitt - Oct 24, 2012 5:00 AM ET
If the decision sticks, one fifth of Samsung's $1.05 billion burden could disappear
FORTUNE -- It was, by several accounts, one of the patents Steve Jobs cared most deeply about.
According to his biographer, it was the clever screen trick that convinced Jobs that Apple (AAPL) could make a successful cellphone.
According to Scott Forstall, it was a deal-breaker in the company's negotiations with Samsung. "I don't remember specifics," the Apple senior vice MOREPhilip Elmer-DeWitt - Oct 23, 2012 9:59 AM ET
Apple built a huge, three-story retail outlet -- the city's 3rd -- just in time for the iPhone 5
FORTUNE -- Remember what happened in January when the iPhone 4S arrived in Beijing? Would-be customers and rival gangs of scalpers massed by the thousands outside the company's two stores. Demand totally overwhelmed supply and SWAT teams had to be called in to control the rioting when Apple (AAPL) halted sales before MOREPhilip Elmer-DeWitt - Oct 20, 2012 7:18 AM ET
Supply issues seem to have held its iPhone 5 activations to about 650,000 in September
FORTUNE -- Verizon (VZ) announced Thursday that it activated 6.8 million smartphones last quarter -- 3.1 million iPhones and 3.4 million handsets running Google's (GOOG) Android. That compares with 2.7 million iPhones and 2.9 million Androids in Verizon's second quarter.
The company also said that 21% of its iPhone activations were on its LTE network, which suggests MOREPhilip Elmer-DeWitt - Oct 18, 2012 11:01 AM ET
The forecasts range from 21 million to 32.3 million. Median estimate: 27 million.
FORTUNE -- How well Wall Street receives Apple's (AAPL) quarterly earnings these days depends almost entirely on the iPhone.
In a good quarter -- like fiscal Q2 2012, when Apple sold 35 million iPhones -- the device will account for nearly 60% of the company's total revenue. In a bad quarter -- like Q3, when the 26 million units MOREPhilip Elmer-DeWitt - Oct 17, 2012 11:16 AM ET
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