As you know, Apple reports its quarterly earnings today.
What we can expect?
Big numbers again, for sure.
Associated Prss goes wild and said a few minutes ago: Apple is expected to say Tuesday that its net income in the most recent quarter jumped 85 percent, boosted by brisk iPhone sales.
Apple said it expects earnings in the range of $2.06-$2.18 per share for the quarter and revenue of $11.0 billion-$11.4 billion.
Apple’s share price has been setting all-time highs since March 5, and last week it came near to $250.
That’s a 220% increase in 15 months.
With almost one million iPads sold in the first 17 day in the USA (remember that it took them 74 days to sell a million first-generation iPhones) the new Apple tablet could become a killing product for the next quarter.
Plus the new iPhone OS that can send the shares of Apple to the$300 mark.
But as always Apple will downplay the estimates… in order to beat them, again and again.
The San Francisco Chronicle explains all this very well.
UPDATE from Fortune:
The consensus on Wall Street, according to the latest poll by Thomson Financial, is that Apple will report earnings of $2.45 a share on revenue of $12.04 billion — which would make Q2 2010 easily Apple’s best second quarter ever.
Tags: Apple, Apple shares, Associated Press, San Francisco Chronicle, iPad, iPhone