John Paczkowski

Recent Posts by John Paczkowski

Apple Earnings: Expect Another Barn Burner

A last-minute forecast ahead of Apple’s second quarter earnings report Wednesday, and one that suggests it will be another barn burner.

With consensus estimates for the quarter hovering around $5.38 earnings-per-share on $23.26 billion in revenue, J.P. Morgan analyst Mark Moskowitz broke away from the pack, raising his projections on strong iPhone and Mac sales. Come Wednesday, he’s looking for Apple to post an EPS of $5.39, up from $5.21 he’d previously expected. And for revenue he’s looking at $24.42 billion, up from an earlier prediction of $23.83 billion. 

Why the 11th hour increase? Though Moskowitz dropped his quarterly estimate for the iPad 2 to 5.4 million from 6 million citing a “temporary stall-out” in shipments, he raised his iPhone projection to 18.4 million from 16.6 million on continuing sales momentum.

“Our research inputs indicate that iPhone shipments were stronger than expected,” Moskowitz says. “The Verizon launch helped, in addition to broader channel fill related to the GSM model. While investors have been concerned over a quicker plateau effect in the Verizon iPhone demand picture, we think that the quarterly run rate still can be 2 million units or higher. We do not believe sales momentum eased as much as investors have feared exiting the quarter.”

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There’s a lot of attention and PR around Marissa, but their product lineup just kind of blows.

— Om Malik on Bloomberg TV, talking about Yahoo, the September issue of Vogue Magazine, and our overdependence on Google