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Solid numbers predicted for Apple ahead of earnings call

Updated 4 years ago
Published Jan 20th, 2009 2:12PM EST
BGR

Apple will disclose its earnings for Q1 FY2009 tomorrow and as is always the case, analysts are in full swing with revised predictions. If Apple’s announcement can live up to the bulk of these new estimates however, shareholders are in for some good news come Wednesday. According to a report issued today by Piper Jaffray analyst Gene Munster, Apple’s rebound performance in December looks to have saved the quarter – possibly propelling earnings beyond Wall Street projections. From the report:

  • 19-20 million iPods shipped during the December quarter, beating the Street’s 18.6 million expectation, based on analyzing retail data from research firm NPD Group.
  • 2.5-2.6 million Macs shipped, in line with the Street’s ~2.5 million expectation.

Munster anticipates Q1 revenues in the neighborhood of $10 billion, a substantial $300 million north of initial predictions. Earnings Per Share (EPS) however, are expected to come in at $1.32, $0.07 below the $1.39 prediction. Apple’s earnings call will be broadcast online tomorrow at 2:00pm PST / 5:00pm EST.

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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.