Apple Forecasted to Report Double-Digit Growth in Second Quarter as Sales Remain Strong

[MacRumors]

Apple will report its financial results later this hour for the second quarter of the 2015 fiscal year, a three-month period spanning January through March that directly followed the holiday shopping season. Apple has offered guidance of between $52 billion and $55 billion in quarterly revenue, while the average of all analysts combined forecasts the company's revenue during the quarter marginally higher at $56.84 billion.

Philip Elmer-DeWitt at Fortune has compiled a pair of charts that aggregate all predictions by independent and professional analysts for Apple's revenue, EPS, gross margin and number of iPhones, iPads and Macs sold during Q2 2015, and it's believed that Apple will report double-digit growth year-over-year as sales remain strong and the company's momentum continues in 2015.

Amateur analysts are bullish, predicting average quarterly revenue of $58 billion and sales of 60.1 million iPhones, 13.6 million iPads and 4.7 million Macs, while professional analysts remain more conservative with an average estimate of $55.69 billion quarterly revenue and sales of 55.7 million iPhones, 14.2 million iPads and 4.6 million Macs. Apple is also forecasted to have a gross margin of 39.4% based on the average of all analysts.

MacRumors will be providing live coverage of Apple's financial results as they are reported around 1:30 PM Pacific (4:30 PM Eastern), including the subsequent earnings conference call with CEO Tim Cook and CFO Luca Maestri at 2 PM Pacific (5 PM Eastern). At that time, we'll have a clearer picture of just how well Apple managed to perform in the quarter.

Article Link: Apple Forecasted to Report Double-Digit Growth in Second Quarter as Sales Remain Strong

 

[sputnikv]

the apple tree continues to grow

 

[applesith]

Hopefully Tim gives some Watch sales numbers

 

[SMIDG3T]

Hopefully Tim gives some Watch sales numbers

... Which will put Android to shame.

 

[Michael Scrip]

So I guess Apple is *not* doomed?

 

[mw360]

Hopefully Tim gives some Watch sales numbers

He already said they won't be giving figures.

 

[applesith]

He already said they won't be giving figures.

Where was that reported? I don't see it in the MR article.

 

[abhishake]

So I guess Apple is *not* doomed?

These are forecasts.. We'll see when they report.

 

[akm3]

Hopefully Tim gives some Watch sales numbers

The best you can hope for is the prepared statements to say something like "Our recently unveiled Apple Watch has finally begun pre-orders and we are thrilled with the phenomenal demand. We are selling them as fast as we can make them"

Then the analysts will try to ask about it anyway, even though they know Tim won't tell them, and Tim will tell them that they won't comment on specifics but demand is thrilling, and the next quarter call blah blah.

 

[WildCowboy]

Where was that reported? I don't see it in the MR article.

Cook said on last quarter's call that they'll be lumping Apple Watch into the "other" category, so won't be reporting sales numbers on a quarterly basis.

They could still announce some numbers today as a one-off announcement, although they may not if shipments remain low with the order backlog.

 

[TWSS37]

Hopefully Tim gives some Watch sales numbers

This is for january to march, the watch went on sale 3 days ago

 

[mw360]

Where was that reported? I don't see it in the MR article.

Here you go...

http://blogs.wsj.com/digits/2014/10/20/dont-expect-sales-figures-for-apple-watch/

 

[jm001]

Wait... so does this mean the stock will tank?

 

[2457282]

Tim will start by saying watch watch watch watch

And I will hear messy launch messy launch messy launch

 

[Michael Scrip]

These are forecasts.. We'll see when they report.

True... but the forecasts seem pretty good (iPads look like they'll be down... but everything else is way up)

Doesn't Apple usually beat the outside analysts?

I'm not seeing how this announcement will say anything doom-related... which was my point earlier

 

[applesith]

This is for january to march, the watch went on sale 3 days ago

There is the possibility of still commenting on it because it was a recent launch.

 

[Michael Scrip]

This is for january to march, the watch went on sale 3 days ago

Yes... but Tim will have a podium to speak from this afternoon. Lots of ears will be listening... from your friendly neighborhood blogger to the mainstream media.

He may not give hard numbers... but I'd be shocked if he doesn't say something about the Apple Watch.

You're right... it did go on sale 3 days ago. It's very much a hot topic.

Angela Ahrendts makes YouTube videos... you don't think Tim will say something on the analysts call?

 

[spectrumfox]

... Which will put Android to shame.

Just couldn't help yourself, could you?

Someone ALWAYS has to mention Android right away in these threads. It's like clockwork.

 

[SMIDG3T]

Just couldn't help yourself, could you?

Someone ALWAYS has to mention Android right away in these threads. It's like clockwork.

Nope, sorry!

 

[spectrumfox]

Nope, sorry!

You don't have to apologize to me. I'm not the one making Apple users look petty.

Seriously, rise above, dude.

 

[sananda]

Wrong thread.

 

[Tech198]

We like double digits.... quad digits would be even nicer.