Analyst: Apple set to blow past guidance this quarter
updated 08:40 pm EST, Thu March 11, 2010
Revenue expected to hit as high as $12.2 billion
Apple might be set to blow past its guidance provided for the company's second fiscal quarter, according to Majestic Research analyst Tony Berkman. Although Apple routinely beats its own guidance, and the Street consensus, Berkman believes Q2 revenues will be at least ten percent higher than the company's projection of $11 billion to $11.4 billion.
iPhone demand is said to be particularly strong in the UK, Japan and China. While the Street forecasts average 6.95 million units, Berkman expects the actual outcome to sit closer to 9.1 million. In comparison, December sales were just 8.7 million units.
Despite weakening demand for the lower-end iPods, Majestic expects the Touch to help drive unit sales past 11 million and average selling price (ASP) up to $162. The forecast places Mac sales at 3 million units, with an ASP of $1,251.
Berkman admits the difficulty in placing bets on the iPad, but that "a reression on the number of Google searches for various key products in advance of their release over the past several years suggests 6 million iPads will sell in calendar 2010." [via Barron's]
Fresh-Faced Recruit
Joined: Aug 2007
About the iPhone in Japan...
I remember when the iPhone first went on sale in Japan, there was so much negativity about how the iPhone wouldn't be able to match up against the full-featured phones that the Japanese normally use. Lack of FeliCa and 1-Seg would doom the iPhone. I wish I could follow the iPhone in Japan more closely and how sales numbers are and what segment of the population is taking to the iPhone. For this quarter's iPhone sales projected to be higher than Christmas sales is really exciting that the iPhone is continuing to increase sales even in the face of Android smartphones.
Apple has a good chance of reaching a $240 a share by mid-year since that's only $15 more than its current price. Thanks, Apple.