toggle

AAPL Stock: 118.93 ( -0.07 )

Printed from http://www.macnn.com

Q109 preview calls for high iPod, modest Mac sales

updated 11:55 am EST, Tue January 20, 2009

Piper Q109 preview

Apple should do fairly well in its fiscal first quarter results, set to be announced on Wednesday, says Piper Jaffray analyst Gene Munster. While Apple -- like other companies -- has been hit by the ongoing global recession, Munster argues that the company will announce iPod shipments between 19 and 20 million. The figures are based on tracking by the NPD Group, and if accurate will substantially beat Street expectations of just 18.6 million.

Mac shipments are expected to be merely on par or slightly above Street expectations however, around 2.5 to 2.6 million, versus the Street's strict 2.5 million. A wildcard for investors may be iPhone shipments, as while Munster notes that he has held to 6.4 million units, it is unknown how much influence international carriers or the Walmart expansion may have. Shipments may be swayed most by economic problems in the US, where core iPhone sales reside.

Munster is calling for $10 billion in revenue, greater than the Street's $9.7 billion; EPS, though, is expected to be just $1.32, instead of the Street's $1.39. Apple's guidance for the March quarter is predicted to be $7.6 billion in revenue with a $0.90 EPS, 7 percent and 20 percent below consensus, respectively.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

IDrive cloud backup and sync service

There are a lot of cloud services out there, and nearly all of them can be used for backing up key files and folders. A few dedicated ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

MaxUpgrades 512GB Retina MacBook Pro SSD

Apple's Retina line of MacBook Pro notebooks have been impressive, right from their debut in 2012. Thinner than the previous model, t ...

toggle

Most Commented