Over the past 8 quarters, it beat its EPS estimate by 42%, revenue by 18%
FORTUNE -- When it reports its results for the March quarter this afternoon, Apple (AAPL) will also release forward-looking statements about the June quarter in the form of three numbers: its guidance for revenue, earnings and gross margin.
The numbers Apple issues tend to be laughably conservative; the company always prefers to under- rather than over-promise. Nonetheless its MOREPhilip Elmer-DeWitt - Apr 24, 2012 8:15 AM ET
Apple's earnings grew 116% in Q1. So why is the Street is looking for 44% in Q2?
After Apple (AAPL) blew past everybody's expectations on Tuesday, reporting sales up more than 73% and earnings up nearly 116%, analysts up and down Wall Street rushed to revise their spreadsheets and issue new notes to clients. We got our hands on 39 of them -- plus a note from one analyst that his MOREPhilip Elmer-DeWitt - Jan 28, 2012 1:28 PM ET
What to make of those pesky forward-looking statements in today's earnings report
It used to be that traders rewarded or punished Apple's (AAPL) shares right after its earnings releases based not on the sales it reported for the past quarter, but on what the company said about the quarter to come. Apple tends to "guide conservatively," in the jargon of the trade, which Wall Street often interpreted as a disappointment.
But that MOREPhilip Elmer-DeWitt - Jan 24, 2012 7:24 AM ET
The company's quarterly income statement at a glance via Asymco's Horace Dediu
This "cascade" chart of Apple's (AAPL) fourth fiscal quarter of 2011, posted Monday by Asymco's Horace Dediu, takes some explanation.
At the simplest level, the height of the first column represents the company's top line ($28.27 billion total revenue) and the last column, in green, represents its bottom line ($6.62 billion profit).
As for the rest, Dediu offers some handy tips: (edited MOREPhilip Elmer-DeWitt - Nov 8, 2011 10:32 AM ET
On this one, most analysts agree: Summer '11 was even bigger than Christmas '10
The Mac was one of the few products that failed to live up to expectations in the June quarter (Apple's fiscal Q3). Analysts were looking for sales of 4.2 million. What Apple (AAPL) delivered was 3.95 million.
That's not likely to happen again on Tuesday, when Apple reports its earnings for fiscal Q4.
Everybody seems to agree that MOREPhilip Elmer-DeWitt - Oct 16, 2011 10:23 AM ET
The Street is looking for a falloff in sales. The amateurs are looking for a blowout.
I expect Apple (AAPL) to report two important iPhone statistics next week.
The first, the number of iPhone 4S units sold this coming weekend, the company won't know until after midnight Sunday. The other, the number of iPhones sold last quarter, it already has in hand.
In this post, I'm going to look at the second number, MOREPhilip Elmer-DeWitt - Oct 12, 2011 2:20 PM ET
With Q4 earnings due next week, the pros and the bloggers are $3.9 billion apart
It has become, for the Street, an embarrassing quarterly tradition.
The Apple (AAPL) independent analysts -- a growing community of bloggers, private investors and assorted amateurs -- file estimates that look, by Wall Street's standards, outrageously optimistic.
But as the day of reckoning approaches -- in this case, Tuesday Oct. 18, when Apple is scheduled to announce its MOREPhilip Elmer-DeWitt - Oct 11, 2011 2:13 PM ET
For as long as we have been tracking them, the bloggers have trounced the pros
On Sunday, the day after Apple's (AAPL) fourth quarter of fiscal 2011 ended, we posted preliminary revenue and EPS estimates from both Wall Street's Apple analysts and a group of amateurs we've been tracking for a couple of years.
After we posted the chart, one reader who calls himself jmmxx suggested that it would be more interesting to see how MOREPhilip Elmer-DeWitt - Sep 26, 2011 7:19 AM ET
Between the company, the Street and the amateur analysts, a range of $9.4 billion
Apple's (AAPL) fourth fiscal quarter of 2011 ended Saturday, and depending whose estimates you believe, it was either a ho-hum quarter or a record-smasher.
The chart at right shows the actual revenue and earnings per share for the previous 11 quarters -- Q1 2009 through Q3 2011. In the last three columns we've plotted three pairs of data MOREPhilip Elmer-DeWitt - Sep 25, 2011 5:18 PM ET
Piper Jaffray's estimate of 20% looks bullish by comparison. It looks crazy to us.
Gene Munster, Piper Jaffray's longtime Apple (AAPL) analyst, issued his estimates for calendar 2013 on Wednesday. The highlights:
Revenues of $164 billion (8% higher than The Street)
Earnings of $40.50 per share (10% higher)
Revenue growth slowing from 82% the June 2011 quarter to 20% in 2013.
The consensus among investors he polled was that growth would slow even more dramatically MORE
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