Scalper1 News
As Apple (AAPL) approaches the release of its holiday quarter results, Wall Street analysts are adjusting their models to predict whether the consumer electronics giant had a joyous season. Apple is due to report fiscal first-quarter earnings after the market close on Jan. 27. Analysts polled by Thomson Reuters expect the Cupertino, Calif.-based company to earn $2.57 a share, up 24% from the same quarter last year. Analysts see Apple’s sales rising 16% to $67.1 billion. If those estimates are accurate, it would mark the company’s biggest gains in earnings and sales in two years. On Wednesday, Cowen & Co. analyst Timothy Arcuri raised his Q1 estimates to slightly above consensus forecasts to $2.58 EPS and $67.3 billion in sales. He is predicting that Apple will sell 68 million iPhones in the December quarter, thanks to strong demand for the new iPhone 6 and iPhone 6 Plus handsets. “While this… Scalper1 News
Scalper1 News