Apple's Q1 2008 financials due on Tuesday

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.

Filed under: Investor, industry, Apple
Other story tags: financial, 2008, earnings, first quarter, results

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jimothy

Apple store is closed!

01/22, 6:58am, EST

http://store.apple.com is closed! New iMacs! Everything you wanted for Macworld but didn't get! Open your wallets!!!

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jimothy

01/22, 8:49am, EST

It's a a pink iPod nano. Fabulous. Just what we needed.

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misterdna

Nice call

01/22, 1:27pm, EST

Why do so many people act like their speculation is fact? At least put "I hope" or something in your posts so you don't add to the misinformation online. Glad you posted an updated, but still...

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jimothy

re: nice call

01/22, 3:08pm, EST

I was actually joking, trying to stir up undue attention.

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