The iPhone is Apple’s most important product, it not only brings in the majority of Apple’s revenue, (51.4% in the third-quarter), it is also the hub the rest of Apple’s product line revolves around.
Apple surprised Wall Street in the June quarter. The Street was expecting less than 5% unit sales growth year over year. Apple delivered 20%, despite all the chatter about the high end smartphone market approaching saturation.
Apple may have a harder time surprising Wall Street this time.
Apple spoke to 44 analysts – 23 pros and 21 amateurs – and the average estimate for phone sales in Q4 2013 is sales of 33.4 million. The pros averaged an estimate of 32.7 million, while the amateurs were more optimistic with a 34.2 million sales prediction.
That would be up 24% from the same quarter last year.
“The high estimate of 38 million, representing 41% growth year over year, was submitted by Mani Ghasemlou, a newcomer at the independent Braeburn Group. The low estimate of 29 million (7% growth) came from Barclay’s Ben Reitzes.”
We’ll be sure to check back in after today’s earnings call to see who hit it on the head, and who shouldn’t even be swinging a hammer…
Pros vs. Amateurs – Who ya got?