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Apple Inc. Message Board

  • getintoh20 getintoh20 Mar 20, 2013 11:11 AM Flag

    Analysts shred Apple earnings estimates & lower Ishiiiit5 phone sales by 10 million

    There seems to be a growing consensus among analysts that Apple (NASDAQ:AAPL) will experience contraction in the second quarter. Topeka Capital Markets analyst Brian White suggested that this period will be a trough in the company’s profit cycle, writing on Tuesday that “for both the EPS and operating profit cycle, we are modeling a 19% YoY decline in 2QFY13 and the trough for this cycle before returning to positive territory in 3QFY13 and beyond.”

    Barclays submitted its own two cents on the issue, estimating that iPhone unit sales could decline 27 percent and iPad sales could decline 21 percent quarter to quarter. These projections are in line with a number of analyst forecasts that emerged recently and are based largely off checks with suppliers. Many observers see production slowing down in anticipation of a third-quarter launch of the next iteration of the iPhone

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