Apple (AAPL) will announce June quarter earnings this afternoon. Join us for LIVE coverage starting at 4 p.m. ET, including live coverage of Apple’s earnings call at 5 p.m. ET.
Apple should have no problem beating the Street: Consensus is for 10% year-over-year revenue growth and a slight dip in profits.
The questions that will drive Apple’s stock — already up 35% since the beginning of April: Whether Apple will meet higher whisper numbers — driven by strong Mac sales and margins — and how impressive its September quarter guidance will sound. Apple always guides conservatively, so anything near or above the Street’s consensus — 15% revenue growth — will be impressive.
The good news: New data from research firm NPD Group, analysed yesterday by Piper Jaffray’s Gene Munster, suggest Mac sales could be particularly strong since Apple’s June price cuts. That could drive both Apple’s June results and September guidance. (SEE ALSO: CHART OF THE DAY: Play Apple’s Guidance Game!)
Revenue: $8.20 billion consensus, $8.4-8.5 billion whispers
EPS: $1.17 billion consensus, $1.35 whispers
iPhone units: 4.0 million consensus, 5 million whispers
Mac units: 2.4 million consensus, 2.6 million whispers
iPod units: 9.5 million consensus
Sept. Rev. guidance: $9.05 billion consensus
Sept. EPS guidance: $1.30 consensus
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