Apple Earnings Report After the Bell – Investors Looking for iPhone 4 and iPad Sales Predictions
Posted on | July 20, 2010 | No Comments
Apple will report earnings after the bell today, July 20th, 2010 as investors and analysts will be looking for iPhone 4 and iPad sales predictions from the tech giant. The overall consensus is that Apple will report $3.11 a share up from $1.35 a year ago. What may be more important is the number of iPhones and iPads sold and the outlook for this market.
The last earnings report from Apple surprised almost everyone when the tech giant reported $3.33 which was well ahead of the analysts estimates of $2.45. Apple has a trend of crushing the estimate but investing in this company has more to do with future growth than analysts estimates.
If the iPhone 4 and iPad continue to see huge sales growth then investors will likely be pleased. If Apple reports any hiccup in sales of these products then the stock could get hit especially due to the fact that expectations are very high for this company that seems to do nothing wrong in the eyes of investors.
It will also be interesting to see if Apple points towards any competition such as the Android market. ComScore reported that Google Smartphone Platforms (Android) were up 4% for the three months ending in May 2010 while Apple Smartphone Platforms (iOS) were down 1%. Mobile search is huge for both Google and Apple and they want to tap in to as many users as possible as this could drive future earnings.
After the bell Apple will definitely see volatility with investors hoping that the earnings reports shows future growth in all markets for Apple. With the last two earnings reports being blowout numbers expectations are very high for Apple.
Author: Jesse Wojdylo
Ask Wojdylo Column – Financial, Entertainment and Sports news with a money spin.
Tags: apple earnings > apple earnings after the bell > apple ipad > apple iphone 4 > ipad sales > ipad sales predictions > iphone 4 sales predictions > iphone sales
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