Apple's Q1: The iPhone 4S will carry the day

Apple's Q1: The iPhone 4S will carry the day

Summary: Wall Street is expecting fiscal first quarter earnings of $10.08 a share on revenue of $38.85 billion.

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Apple is on tap to deliver its fiscal first quarter earnings and analysts are expecting the company's results to shine courtesy of the iPhone 4S launch.

Wall Street is expecting fiscal first quarter earnings of $10.08 a share on revenue of $38.85 billion.

Here's a look at the numbers to know ahead of Apple's earnings.

iPhone shipments will carry the fiscal first quarter. Peter Misek, an analyst at Jefferies, estimated 37 million iPhone builds with shipments of 35 million. Estimates for Apple's iPhone shipments have increased due to the launch of the iPhone 4S as well as strong revenue growth from Hon Hai and Pegatron.

Deutsche Bank analyst Chris Whitmore said in a research note:

We believe Apple experienced extremely robust demand for the iPhone 4S during the quarter. We believe there were three key drivers of strong iPhone demand: 1) pent-up demand leading into the Q, following a demand pause ahead of the iPhone 4S launch, 2) seasonal uptick due to the holiday season 3) carrier expansion (e.g. Sprint).

iPad shipments were solid in the fiscal fourth quarter and Misek is expecting sell through to top 13.5 million. Apple delivered 12 million iPad builds, but the iPad 3 launch looms in the March quarter, according to Misek.

Mac sales surged in the December quarter and U.S. and China drove the results. Barclays analyst Ben Reitzes is predicting 22 percent year-over-year Mac unit growth. Another positive for Apple is that it is in a better position in terms of units because the MacBook Air lacks a hard disk drive.

iPod units are likely to continue to slip. In fact, "the iPod category is no longer really material to Apple from a financial standpoint," said Reitzes. NPD data indicates that Apple has 77 percent market share in the MP3 market.

Topics: Hardware, Apple, Banking, iPhone, Mobility, Smartphones

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7 comments
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  • RE: Apple's Q1: The iPhone 4S will carry the day

    But....but....the iPhone 4S is so crappy. How could this be? Right iHaters?
    jamboy34
    • RE: Apple's Q1: The iPhone 4S will carry the day

      @jamboy34

      As the owner of an iPhone 4S, I'd like to say... please stop posting.
      Badgered
      • Oh come on!!!!

        @Badgered ... Based on the many pundits reviews of the iPhone 4s and comments made by the "iHaters" in response to those reviews one could have gotten the impression that the iPhone 4S heralded the beginning of the end for Apple. So the "actual" results have been nothing less than amazing. That is "IF" you believed the reviews and comments. So an Apple fan might have just cause to crow a bit:)

        Pagan jim
        James Quinn
      • RE: Apple's Q1: The iPhone 4S will carry the day

        @James Quinn

        Sorry Jim, while I consider myself neither an Apple Hater or Fanatic... The OP's comment sounds like a childish comment. Having to deal with teenagers on a daily basis... that kind of talk wears on me.
        Badgered
    • Likewise

      @jamboy34
      But....but....the Vista is so crappy. How could it ever have been the best selling OS at the time? Right M$Haters?
      toddybottom_z
      • Fair enough.... Still when comparing desktop OS's

        @toddybottom_z... One would imagine that anything MS releases will be at the time of it's release the best selling OS at that given time. Like say Windows ME might at ti's time been the best selling OS regardless of what people think of Windows ME as an OS.

        Pagan jim
        James Quinn
  • RE: Apple's Q1: The iPhone 4S will carry the day

    So apple IS the 1% yet the 99 continue to protest wall street
    BubbaFet