Published on March 25th, 2015 | by Daily Station Team
Analysts Predict a Record Best Quarter for Apple Inc. (NASDAQ:AAPL)
Apple Inc. (NASDAQ:AAPL) had an amazing last quarter of 2014 after it released its much awaited iPhone 6; the market went crazy and consumers bought the new gadget without giving it a second thought.
The New Year, 2015, already looks big for the tech giant; the company has its iWatch coming out soon and then later in the year we will have the new iPhone – either iPhone 6s or iPhone 7; even though iPad is not a sales hero, but it still will bring in a few bucks.
So what does this all mean for Apple Inc. (NASDAQ:AAPL)? In simple words it means a huge first quarter of its current and new fiscal year. Wall Street has been notified that Apple Inc. (NASDAQ:AAPL) may bring in sales somewhere between $63.5 and $66.5 billion. If the iPhone manufacturer did manage to pull these bucks in during its first quarter, it would mean a jump up by 15% as compared to jump up as compared to last year’s first quarter growth figures.
However market experts and analysts are not exactly excited about these figures and think Apple Inc. (NASDAQ:AAPL) may be underplaying the facts a bit. According to industry analysts, the new iPhone had a jaw-dropping number of consumers lined up for the phone; iPad even though cannot rope in any impressive revenue figures, but it still sells and Mac just entered IDC’s top five; all of these factors can mean only one thing, a huge first quarter for Apple Inc. (NASDAQ:AAPL).
According to different estimates and consensus Apple Inc. (NASDAQ:AAPL) should be able to bring in sales worth $68.3 billion in the first quarter of its fiscal year 2015; this would be a 21$ up on the year-over-year basis. This figure was gathered by a consensus by 35 analysts both amateurs and professionals; whereas Credit Sussie predicts that Apple Inc. (NASDAQ:AAPL) will post figures of $72.8 billion in revenue with earnings of $2.97. It should be noted here that for the past six of its seven quarters, Apple Inc. (NASDAQ:AAPL) beat was successful in beating sales estimates; therefore there is a huge possibility that Apple Inc. (NASDAQ:AAPL) will easily go over the figures that it presented to Wall Street.
It is expected that the first quarter for Apple Inc. (NASDAQ:AAPL) would post record high figures for the company. The main reason for this optimistic prediction is sales of iPhone 6 (both regular and Plus) units, which were 70 million.
According to analysts these sales figures will reflect well on Apple Inc. (NASDAQ:AAPL) stock, which is likely to go up by 6% from its record high figure. However the stock will mainly depend on Apple’s (NASDAQ:AAPL) performance in its last quarter along with the forecast that the tech giant will release for its quarter ending in March this year.
Apple Inc. (NASDAQ:AAPL) will release its earnings report and guidance for the March quarter on the 27th of January. As far as Earnings per Share is concerned, Apple Inc. (NASDAQ:AAPL) stopped giving any forecast or guidance in this regard back in 2013.