iPad 2 sales to balloon 200% this quarter according to analyst

By on Apr 25, 2011 at 11:08 AM
Business April 25, 2011

Asymco’s Horace Dediu has a long history of pegging Apple earnings, and on Monday morning the analyst issued his revenue and EPS estimates for Apple’s third fiscal quarter of 2011. Dediu expects Apple to outpace its guidance, as usual, which the company set at 47% revenue growth and 43% EPS growth last week. Based on significant year-over-year growth projected in every key segment other than its iPod business, Dediu expects revenue growth of 65% to $25.8 billion and EPS growth of 72% to $6.02. Regarding product lines, the analyst sees Apple’s third-quarter breaking down as follows:

  • iPhone units: 14.7 million (75%)
  • Macs: 4.3 million (25%)
  • iPads: 9.8 million (200%)
  • iPods: 10.1 million (-15%)
  • Music (incl. app) rev. growth: 25%
  • Peripherals rev. growth: 25%
  • Software rev. growth: 25%

Apple sold just 4.69 million iPads last quarter, falling short of analyst estimates ranging from 6 to 8 million. It is widely believed that the low sales were due to supply constraints, and Dediu believes that Apple will iron out these issues. The iPad 2 will also launch in several new countries this quarter, and coupled with supply that might finally come closer to meeting demand, Dediu sees third-quarter iPad sales ballooning 200% year-over-year to 9.8 million units.

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27 Comments

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  • YourMom

    There are so many analysts and this site posts each one like its breaking news. How does this appeal to the average consumer? I don’t care about forecasts, I want to know about the now.

    • Pendergast

      It is not info for the average consumer, it is intended as a prediction for investors. That does not mean the prediction is a good prediction, as predictions like this (especially for new markets and uncharted territory) are notoriously dubious.

      • YourMom

        Thanks. You just proved my point.

      • Anonymous

        I agree with you, I was just pointing out that the info isn’t intended for the average consumer, besides the fact that is probably utter garbage. I am guessing that BGR and other sites post this is because it makes for good headlines which garner more page clicks and comments.

        On some sites like AppleInsider, these stories make sense as I know a lot of actual AAPL investors post there, but they’re still crap predictions.

      • Anonymous

        And yet BGR (and a million other blogs) post each and every one of them as news. Even though the body text hints that they may not be accurate, the headline does no such thing.

        It’s kind of amusing – I use google reader aggregated feed as a firefox “live bookmark” — and over time I’ve realized that I can peg which articles are coming from BGR by title alone.

  • WTF

    You guys really should change the name of this site to…
    “BGR (says the analyst)”

    • Donnation

      Agreed. Man its getting old seeing this same shit about forecasts and Analysts every day, most of which turn out to be wrong anyway.

  • Anonymous

    200%

    That’s like 2 more iPads than last quarter!

    • http://twitter.com/rogerdodgerTM rogerdodgerTM

      Q3/2010 = 3.2 million iPads sold.

      So 9.8 million is + 206%.

  • http://profiles.google.com/booboolala2000 Patrick Crumpler

    As a well respected analyst I’d like to throw this out, BGR will report on more reports from analyst’s by 500% this quarter.

  • http://www.droiddoes.com/ Norm

    These analysts are clearly wrong. The DROID Xoom 4G LTE and the Galaxy Tab line are mopping the floor with the iPad.

    • batfink

      Why do some of you ‘droid guys need to lie like this? It doesn’t help your argument any, you know. Xoom and Tab sales have been widely reported as a disappointment. Hate all you like, you’re entitled to your own view. But don’t just make sh*t up.

      • Anonymous

        You just got trolled SO hard.

    • Anonymous

      Preach!

    • http://pulse.yahoo.com/_BHMB52ZFMATI5KS7D4JT6UU7NA Eric W

      Do you have your “sent from my iPhone” signature turned off?

      • WTF

        Do you have your “I couldnt read into sarcasm if it slapped me in the face widget” turned off?

    • Anonymous

      Mopping the floor? Is that your day job norm?

    • Soldierphantom

      really? u r in some deep twisted reality

    • Norm Sucks

      Like mother like son – guess the troll doesn’t fall far from the tree!

    • Rob

      aaahahahhah you live in Guantanamo? because it seems you don’t get much “REAL” facts and news lol!

      Delusional!!!

  • Bringit

    Very conservative estimate.

  • Anonymous

    Is he combining iPad and iPad 2 sales? Or is he really saying that ten million iPad 2′s are going to get sold this year?

    What are the new countries that it’s being released in?

  • Sburhani

    invest in apple much?

  • Anonymous

    How many more analyst reports does BGR need to report on? Is this AnalystNewsWire dot com?

  • Yup

    at least its not another f*ing white iphone post

  • xxdesmus

    gotta love analysts — they are the weathermen of the technology world. They just completely make sh*t up and then actually get things right maybe 10% of the time.

    Glad you’re reporting on this “news” though — you guys sure do love your rampant and wild speculation when it comes to Apple don’t you?

  • Max

    What do you think the shitty Playbook is gonna do? 100k this whole year? Opening day was 400/state Lmao

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