Apple expected to report sales of 7M iPads, 17M iPhones for Q2 2011
Apple is once again predicted to exceed expectations in its upcoming quarterly earnings call, with one analyst forecasting sales of 7 million iPads and 17 million iPhones in the second quarter of fiscal 2011.
Mike Abramsky with RBC Capital Markets sees Apple easily beating Wall Street forecasts for iPad 2 sales, with the second-generation device reaching between 2 million and 3 million units moved in the quarter. In all, he sees 7 million iPads being sold in the second quarter of fiscal 2011, a three-month span where the iPad 2 was on sale for less than a month.
RBC Capital Markets conducted a survey of 2,000 respondents between March 14 and 23, which found that 28 percent of those polled plan on buying an iPad 2. That's 40 percent higher than those who were interested in buying the first-generation iPad from a survey conducted last May.
Accordingly, Abramsky has adjusted his iPad 2 sales estimates for 2011 to 31 million, up from his previous prediction of 25 million. Those numbers would help Apple's revenue grow 57 percent year over year, to $102 billion.
Abramsky also sees Apple selling 17 million iPhones, which would be yet another record for Apple. In the previous holiday quarter, Apple posted a personal best with 16.2 million iPhones sold.
The second quarter of fiscal 2011 saw the launch of the CDMA Verizon iPhone 4, which Abramsky believes was a strong seller in the three-month span. He has estimated that Apple sold about 2 million of the Verizon iPhone in the quarter.
The analyst has also called for Apple to report sales of 3.6 million Macs, bolstered by the popular, redesigned thin-and-light MacBook Air. He believes Apple sold about 700,000 of the MacBook Air during the last quarter.
Apple is set to reveal its quarterly earnings for the second fiscal quarter of 2011 on a call next Wednesday, April 20. The call will begin after the market closes, at 5 p.m. Eastern, 2 p.m. Pacific.
Mike Abramsky with RBC Capital Markets sees Apple easily beating Wall Street forecasts for iPad 2 sales, with the second-generation device reaching between 2 million and 3 million units moved in the quarter. In all, he sees 7 million iPads being sold in the second quarter of fiscal 2011, a three-month span where the iPad 2 was on sale for less than a month.
RBC Capital Markets conducted a survey of 2,000 respondents between March 14 and 23, which found that 28 percent of those polled plan on buying an iPad 2. That's 40 percent higher than those who were interested in buying the first-generation iPad from a survey conducted last May.
Accordingly, Abramsky has adjusted his iPad 2 sales estimates for 2011 to 31 million, up from his previous prediction of 25 million. Those numbers would help Apple's revenue grow 57 percent year over year, to $102 billion.
Abramsky also sees Apple selling 17 million iPhones, which would be yet another record for Apple. In the previous holiday quarter, Apple posted a personal best with 16.2 million iPhones sold.
The second quarter of fiscal 2011 saw the launch of the CDMA Verizon iPhone 4, which Abramsky believes was a strong seller in the three-month span. He has estimated that Apple sold about 2 million of the Verizon iPhone in the quarter.
The analyst has also called for Apple to report sales of 3.6 million Macs, bolstered by the popular, redesigned thin-and-light MacBook Air. He believes Apple sold about 700,000 of the MacBook Air during the last quarter.
Apple is set to reveal its quarterly earnings for the second fiscal quarter of 2011 on a call next Wednesday, April 20. The call will begin after the market closes, at 5 p.m. Eastern, 2 p.m. Pacific.
Comments
Interesting on the iPhone projection tho. I wonder if they'll break out the number of 3GS compared to 4G. With the 3GS selling for $49 at ATT, it might give some guidance on what impact a less-expensive iPhone would make.
Anyway, the PE is so low... only 12.
Hmm...
While there are various things they could mean by saying that, some mathematically amusing why not just say last year's percentage.
Apple is once again predicted to exceed expectations in its upcoming quarterly earnings call, with one analyst forecasting sales of 7 million iPads and 17 million iPhones in the second quarter of fiscal 2011...
Wouldn't it be helpful when an article is primarily about unit sales of a product to take the ten minutes required to make a chart of unit sales over the life of the product or the last year, so we have something to compare it to? No one there knows how to make a chart?
I mean you even include a completely irrelevant (to the story) chart.
Wouldn't it be helpful when an article is primarily about unit sales of a product to take the ten minutes required to make a chart of unit sales over the life of the product or the last year, so we have something to compare it to? No one there knows how to make a chart?
I mean you even include a completely irrelevant (to the story) chart.
Mac:
iPod:
iPhone:
iPad:
Most analysts in a report released last week had agreed on a range of 6.5-8 million iPads sold in the 2nd quarter, tho some had gone much higher than that, 10 million or more.
Which report was that?
Which report was that?
I'll have to go back and look at my links from last week. I'll link here when I find it.
IIRC, there were a dozen or so analysts surveyed, with the consensus that just under 6.7 million (or something close to that) iPad/iPad2's were sold in the second quarter (thru March). I think the same report/article pegged iPhone sales at 16 million.
AAPL has tanked almost 9%, seriously underperforming. This has been mostly based on rumors and sector exposure. Only real issues were supply chain concerns, some serious derivative trading and the NASDAQ stunt. That alone can´t explain the current share price (shouldn?t APPL consider the NYSE instead?) Too much speculation on this stock.
Today AAPL rebounded slightly. Has it finally touched bottom?
Opinions on earnings per share and margins per unit are more than welcome?
What really matters is not only how many they sold, but how much did the supply chain problems impact the margins per unit. This was a really disappointing quarter as far a market conditions are concerned.
AAPL has tanked almost 9%, seriously underperforming. This has been mostly based on rumors and sector exposure. Only real issues were supply chain concerns, some serious derivative trading and the NASDAQ stunt. That alone can´t explain the current share price (shouldn?t APPL consider the NYSE instead?) Too much speculation on this stock.
Today AAPL rebounded slightly. Has it finally touched bottom?
Opinions on earnings per share and margins per unit are more than welcome?
I think a lot of the recent drop can be attributed to the NASDAQ reindex. It will sort itself out in time.
What really matters is not only how many they sold, but how much did the supply chain problems impact the margins per unit. This was a really disappointing quarter as far a market conditions are concerned.
AAPL has tanked almost 9%, seriously underperforming. This has been mostly based on rumors and sector exposure. Only real issues were supply chain concerns, some serious derivative trading and the NASDAQ stunt. That alone can´t explain the current share price (shouldn?t APPL consider the NYSE instead?) Too much speculation on this stock.
Today AAPL rebounded slightly. Has it finally touched bottom?
Opinions on earnings per share and margins per unit are more than welcome?
The entire slide began with the Alex Guana downgrade, and has never recovered despite other securities stating otherwise. No matter how many iPads are sold, court cases won, or signs of new products on the horizon, nothing seems to get the Apple stock moving which is ridiculous.
No luck doing a quick search for the post. Pretty sure it's in there somewhere.
Perhaps its with the 'report' of HTC commanding 19% of the smartphone market?
Or Apple "not allowing" iPhone to be sold for free on contract?
EDIT: Fairly certain the article was from Fortune, with a mention of it here: http://iphone.macnn.com/articles/11/...r.six.million/
The mention of HTC holding 19% of the smartphone market is here in case your post was intended to ask for that one too. http://www.wirelessweek.com/News/201...TC-Smartphone/
I don't think anyone's ever determined for sure if Apple would allow an iPhone to be offered free with 2-yr contract. My opinion (or guess if you prefer) is they would not.
I think a lot of the recent drop can be attributed to the NASDAQ reindex. It will sort itself out in time.
It doesn't seem like reindexing if you look at the intraday trends, especially this morning; AAPL opened higher with the NASDAQ lower. Volume is also pretty flat. But, institutional ownership has actually increased since the announcement.
I am sure it will recover in the run-up or post-earnings, but to me it looks quite odd to be trading this low. I tried to run a screener for companies based on PE and Revenue Growth to get any other comparable stock and really came up dry.
another blockbuster quarter. My shares will soon be worthless...
Something is screwing with AAPL at the moment for sure! It should be north of 360.