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

Updated Dec 19th, 2018 7:12PM EST

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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.


Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.


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