updated 12:15 am EST, Tue January 22, 2008
Apple's Q1 2008 results
Apple on Tuesday will release its Q1 fiscal results, which are expected to show better-than-anticipated numbers, mainly due to strong Mac sales. Despite a steady tumble in share price starting in early January, analysts are predicting that Apple could be worth close to $600 per share within 18 months. In addition to strong machine sales, the optimistic outlook is fueled by Apple's desire to sell 10 million iPhones by the end of 2008, as well as the prospect of an iPhone "nano".
Piper Jaffray analyst Gene Munster predicts that Apple will announce December shipments of Macs to be approximately 2.3 million strong, versus the projected 2.2 million. He also says that the upcoming MacBook Air will contribute to Apple future success in the portable computer market.
The webcast of the conference call is expected to be available at 2PM PST.