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Earnings preview: Apple's Sept. quarter results are all about iPhone for Wall Street

post #1 of 30
Thread Starter 
This afternoon after markets close, Apple is set to announce its earnings for the recently concluded September quarter. But analysts are mostly interested in any comments the company may have about improving iPhone 5s production, as well as sales of the iPhone 5c.

Chart
Source: Google Finance.


Apple's two new iPhone models launched with just over a week left in the September quarter. Even with that small window of availability, the devices will still have an effect on the quarter, as Apple managed to sell 9 million units in their first three days of availability.

In terms of overall financials, analysts polled by Thomson Reuters expect on average that Apple will report earnings per share of $7.93, on revenue of $36.84 billion for the quarter. That would represent 2.4 percent year over year growth in sales.Wall Street expects sales of 31 million iPhones, 14.5 million iPads, and 4.6 million Macs for the quarter.

For actual unit sales, Wall Street expects Apple to have sold 31 million iPhones in the September quarter, according to 20 buy-side investor expectations polled by Gene Munster of Piper Jaffray. iPad sales are expected to be at 14.5 million, and Mac sales at 4.6 million, with gross margins around 37 percent.

Apple already revised its guidance following the iPhone launch in late September, saying to investors that it expects gross margins of between 36 and 37 percent. With expectations recently revised, investors will be focusing on iPhone 5c demand for mid-range and international markets, as well as potential easing of iPhone 5s constraints, analyst Brian Marshall of ISI Group believes.

Looking ahead to the current December quarter, Munster believes that Apple will provide gross margin guidance at between 37 and 38 percent, which would be an increase of 50 basis points from September. That would represent the first sequential increase in gross margin for the company in the last six quarters.

Apple's December quarter will represent the first full three-month span for iPhone 5s and iPhone 5c sales. It will also include the debut of the new iPad Air and iPad mini with Retina display, both of which analysts expect will help improve Apple's margins.

Apple is set to report its September quarter results after markets close this afternoon. A conference call with analysts and members of the press will follow at 2 p.m. Pacific, 5 p.m. Eastern. AppleInsider will have full, live coverage.
post #2 of 30
http://tech.fortune.cnn.com/2013/10/27/apple-earnings-smackdown-q4/
melior diabolus quem scies
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post #3 of 30
I'm still too poor to afford Apple stock, so I don't care. I'm capable of buying RiM stock but no, thanks.

Social Capitalist, dreamer and wise enough to know I'm never going to grow up anyway... so not trying anymore.

 

http://m.ign.com/articles/2014/07/16/7-high-school-girls-are-kickstarting-their-awa...

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Social Capitalist, dreamer and wise enough to know I'm never going to grow up anyway... so not trying anymore.

 

http://m.ign.com/articles/2014/07/16/7-high-school-girls-are-kickstarting-their-awa...

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post #4 of 30
When are Apple's results ever not about iPhones these days?
post #5 of 30
Quote:
Originally Posted by lightknight View Post

I'm still too poor to afford Apple stock, so I don't care. I'm capable of buying RiM stock but no, thanks.

How old are u ?
post #6 of 30
A heart beating day for me , holding 415 shares of Apple.
post #7 of 30
It's about time Apple rated Wall Street's performance. The headline could be 'It's all about getting it right'.
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post #8 of 30
Quote:
Originally Posted by crazy_mac_lover View Post

A heart beating day for me , holding 415 shares of Apple.

I hear you. If like us, you bought a long time ago it isn't quite as worrying as those that got on board in the 400+ range. I do feel for those folks.
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post #9 of 30
Quote:
Originally Posted by digitalclips View Post


I hear you. If like us, you bought a long time ago it isn't quite as worrying as those that got on board in the 400+ range. I do feel for those folks.

 

Don't you mean 500+?

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post #10 of 30

Lets see, Estimates of 5 trillion Iphones sold for the quarter with profits of$150 Trillion! Anything less, and AAPL is Doomed! Got this from supply chain analysis.

post #11 of 30
Quote:
Originally Posted by island hermit View Post
 

Don't you mean 500+?

Or $600+? :embarrass

 

Anyone have a chart of what AAPL does after earning reports? My gut tells me it drops - if they exceed expectations then the stories go "The gas has run out! Apple can't do any better! This is the peak!" If they miss expectations the stories go "Apple falters! Heading into a downward spiral!"

 

If you're long AAPL it's just froth. But it could be a buying opportunity.

 

Forbes is guessing the price will rise.

 

- Jasen.


Edited by jasenj1 - 10/28/13 at 7:15am
post #12 of 30

Lot of Bulltards all across the stock boards makes me think, this stock can tank despite the beat :err: 

 

Its a win-win situation for bulls no matter what the stock does. If it falls, buy more :p 

post #13 of 30
Quote:
Originally Posted by Rogifan View Post

When are Apple's results ever not about iPhones these days?

Exactly, the fact the analysis are only focused on 1 product at Apple show they are one dimensional. They can not see the bigger picture. They keep saying Apple is not innovating, but they can not see to see past the end of their nose. The should be focusing on the ipad since that is will apple is killing the competitors and asking the competitors what the are going to do since Apple is killing them.

post #14 of 30
Quote:
Originally Posted by Maestro64 View Post
 

Exactly, the fact the analysis are only focused on 1 product at Apple show they are one dimensional. They can not see the bigger picture. They keep saying Apple is not innovating, but they can not see to see past the end of their nose. The should be focusing on the ipad since that is will apple is killing the competitors and asking the competitors what the are going to do since Apple is killing them.

 

iPad?

 

Really?

 

Everything we hear lately is that iPad sales are flat yoy and that share is dropping.

 

Too much weight on iPad sales and AAPL will tank.

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post #15 of 30
Quote:
Originally Posted by crazy_mac_lover View Post

A heart beating day for me , holding 415 shares of Apple.

 

If you are holding long term, you shouldn't be sweating it. If you are day trading, you shouldn't be sweating it either, you just need to be executing your strategy. 

 

Apple has been doing well and if they keep this up, even the Analyst are not going to be able to talk the stock down. 

post #16 of 30
4.6 million Macs seems a little too ambitious, though.
post #17 of 30
Why does it have to be what Wall Street wants? That is the problem.
They speculate on what should be and if the numbers don't pan out Wall Street starts talking about regime change and other BS.
It is about consumers. They are the ones that have put 147 billion CASH in Apple's bank accounts. Not the Wall Street pimps.
Interestingly, the consumers can be seen as a printing press due their spending. Conversely WS doesn't have a goddamn printing press. But they constantly write checks their ass can't cash.
Apple needs to go private, IMHO.
post #18 of 30
Quote:
Originally Posted by Quadra 610 View Post

4.6 million Macs seems a little too ambitious, though.

 

Apple still makes computers?

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post #19 of 30
Quote:
Originally Posted by jmc54 View Post

Lets see, Estimates of 5 trillion Iphones sold for the quarter with profits of$150 Trillion! Anything less, and AAPL is Doomed! Got this from supply chain analysis.

Even then - Apple will be doomed because the analysts will be certain Apple won't be able to exceed it the next quarter.
"That (the) world is moving so quickly that iOS is already amongst the older mobile operating systems in active development today." — The Verge
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"That (the) world is moving so quickly that iOS is already amongst the older mobile operating systems in active development today." — The Verge
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post #20 of 30
Quote:
Originally Posted by Phone-UI-Guy View Post

If you are holding long term, you shouldn't be sweating it. If you are day trading, you shouldn't be sweating it either, you just need to be executing your strategy. 

Apple has been doing well and if they keep this up, even the Analyst are not going to be able to talk the stock down. 

Don't underestimate the power of ignorance -- it knows no bounds.
"That (the) world is moving so quickly that iOS is already amongst the older mobile operating systems in active development today." — The Verge
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"That (the) world is moving so quickly that iOS is already amongst the older mobile operating systems in active development today." — The Verge
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post #21 of 30
Quote:
Originally Posted by crazy_mac_lover View Post

A heart beating day for me , holding 415 shares of Apple.
post #22 of 30

One thing is certain, Apple should let go a few useless product lines (iPad 2, mac mini, 4s, 13cmbp, nano, classic) and focus on products that could create a bigger and stronger ecosystem while keeping the great Apple "status" and expanding profits and revenue.

 

- Bigger iPhone line;

- 12" macbook air instead of 11" and 13";

- retina 17";

- New markets like audio, wearables and more aggressive on content offerings (to enable a great TV experience);

- cars (something related to it)

- fiber.

- Maintain current focus on software.

post #23 of 30

Overall sentiment seems bullish, but that makes me damn suspicious.

 

I do think that Apple will report decent results, but the question is how will the knuckleheads react to it?

 

I haven't decided what I'm going to do yet. We'll see.

 

I've been burned by Apple earnings in the past, so I am a bit cautious.

post #24 of 30
Quote:
Originally Posted by island hermit View Post

Don't you mean 500+?

No I meant 400+, at that level I feel for them, .... 500+ I don't even want to think about! 1hmm.gif

But all will be fine when we are 1,000+. 1biggrin.gif
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post #25 of 30
Quote:
Originally Posted by jasenj1 View Post

Or $600+? 1embarassed.gif

Anyone have a chart of what AAPL does after earning reports? My gut tells me it drops - if they exceed expectations then the stories go "The gas has run out! Apple can't do any better! This is the peak!" If they miss expectations the stories go "Apple falters! Heading into a downward spiral!"

If you're long AAPL it's just froth. But it could be a buying opportunity.

Forbes is guessing the price will rise.

- Jasen.

I definitely try not to think of 600+ folks ... 1hmm.gif1hmm.gif1hmm.gif
From Apple ][ - to new Mac Pro I've used them all.
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post #26 of 30
Quote:
Originally Posted by digitalclips View Post


No I meant 400+, at that level I feel for them, .... 500+ I don't even want to think about! 1hmm.gif

But all will be fine when we are 1,000+. 1biggrin.gif

 

If I got in at $400 to $450 I'd be feeling pretty good right now. Even if I had to sell it at $475 to $500 I'd still be making more money than a lot of money market funds over the last 2 years.

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post #27 of 30
Quote:
Originally Posted by island hermit View Post

If I got in at $400 to $450 I'd be feeling pretty good right now. Even if I had to sell it at $475 to $500 I'd still be making more money than a lot of money market funds over the last 2 years.

OK well I'm confident you'll be ok 1smile.gif Plus nice dividends. We are having a 2 week Alaska cruise next year and several other trips courtesy of Apple dividends. Thank you Tim 1smile.gif
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post #28 of 30

Now Jack, he is a banker
And Jane, baby she is a clerk
And both of them save their money, honey
When they come home from work

Sittin' there by the fire
The radio does play the classical music there, kid
The march of the wooden soldiers
And you can, you can hear Jack say

You know he saying, "Sweet Jane
Ooh baby, Sweet Jane
Ah yes Sweet Jane...

 

 

 

 

 

post #29 of 30
Quote:
Originally Posted by msimpson View Post

Now Jack, he is a banker

And Jane, baby she is a clerk

And both of them save their money, honey

When they come home from work

Sittin' there by the fire

The radio does play the classical music there, kid

The march of the wooden soldiers

And you can, you can hear Jack say

You know he saying, "Sweet Jane

Ooh baby, Sweet Jane

Ah yes Sweet Jane...







RIP Lou.
From Apple ][ - to new Mac Pro I've used them all.
Long on AAPL so biased
Google Motto "You're not the customer. You're the product."
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Long on AAPL so biased
Google Motto "You're not the customer. You're the product."
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post #30 of 30

Well they are whacking apple in the after market it is already down $15 and the number have not come out yet.

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