News by Luke Jones on Monday October 20, 2014.
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Apple had a bumper third quarter as the company saw iPhone sales best analyst predictions, while Mac sales increased too. The result was a massive period, one that is traditionally Cupertino's slowest as customers await new products launching in the fall. The company?s fiscal Q4 (third quarter on the calendar) is typically a big period as new products start to take hold, and analysts are predicting good things for Apple's upcoming earnings call.It is worth mentioning that the biggest quarter for Apple is the next one when sales from the holiday season are taken into account. However, fiscal Q4 provides a good opportunity to see the company's health heading into the next year. Fortune has compiled a list of dozens of analyst predictions for Apple's upcoming results, and to a T they seem to agree that the numbers will be impressive.
I've got the collected fiscal Q4 estimates of 33 Apple analysts - 21 professionals and 12 amateurs. They are all to a man (and one woman) predicting record Q4 sales and earnings (up 7.1% and 11.9%, respectively).Over recent quarters Apple's results have confounded analyst predictions so this time the number crunchers are being less cautious. For example, Apple's guidance is $37 billion to $40 billion in overall revenue, predicting it will be up from the $37.37 billion recorded this time last year. Analysts, fuelled by previous under estimations are saying Apple is on course to break $40 billion, with the general consensus being $40.75 billion. It is entirely possible that revenue will even surpass that, and some are predicting it will reach nearly $42 billion (see table in main image). iPhone sales are of course the driving force behind Apple's success, and typically analysts are hugely cautious and under estimate sales by millions. This time they are predicting iPhone sales of 38.89M (up 12.1%) and Mac sales of 4.83M (up 5.7%). The news for the iPad is likely to be patchier, with sales almost certain to decline again, mirroring the general tablet market; analysts think the iPad will slide by 6.5% to 13.17M. Lastly, and almost as an afterthought these days, iPod sales will continue their downward spiral to discontinuation. source: Fortune
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.