Apple Earnings Announced Tomorrow!
July 12, 2005 @ 08:42 AMIt’s that time again, where Apple announces it’s quarterly earnings. Specifically, they will be announcing the earnings tomorrow after the market’s close. As always, half the analysts are predicting doom and gloom, and the other half are bowing down to little dolls bearing the likeness of Steve Jobs (complete with jeans and black mock turtleneck).
So what are the predictions for tomorrow? Well, 3 months ago Apple themselves predicted $3.25 billion in revenue for this quarter—compared to $2.0 billion from the year-ago quarter. Analyst consensus, however, puts Apple’s revenue at $3.5 billion.
I’m more inclined to believe Apple than analysts, so I will predict $3.25 billion on slightly weaker demand for iPods, but higher-than-expected on some high-margin items like Mac OS X Tiger and iPod accessories.