To meet the street revenue estimate of 42.8 billion this quarter, Apple has to generate 3.292 billion a week or 470.329 million a day or 19.597 million an hour globally. Can Apple do it?
Judging by the stock price seems fairly clear they will not hit 42.8, They gave guidance at 41-42 after the last qtrly. I'd look for 41 even.
Guidance : revenue 41-43 billion. Eps 9.24-10.24. Gross margin. 37.5 -38.5 percent.
Just go to the stores and look, listen and ask.
Rev Yes, profits NO, Guidance No. Mac is dead and apple is canabalizing its own profits with old stock(iPad & iPhone).
last qtr aapl generated 4.2 billion/week, yes it was xmas but the chinese new year started on feb 10 and lasted 15 days....which is the equivelant of 15 days of xmas over there...revenue was up 67% in china last qtr