Apple Inc. ‘s (NASDAQ:AAPL) conservative 2012 second half overshadowed by ramp December quarter
Apple Inc. (NASDAQ:AAPL) is down 0.95% as the Company reaches towards its earnings event as scheduled on July 24, 2012 after market close.
Analysts are cutting their estimate on this Apple as they view iPhone upside in the June and
September quarters are less likely due to lower supplier build plans. Calmness has settled in for the iPhones as the demand for the iPhone standing between 26-27 million units has been less than the estimated unit sales. But analysts view this subdued demand as the calm before the iPhone 5 ramp expected to be launched in this October.
The estimate reduction for the year 2012 is followed by an above consensus estimate for the Company’s iPhone 5 as the demand pause should lead to hyper-seasonal revenue and earnings growth in the December quarter.
Analysts at Goldman Sachs have raised their revenue and earnings estimate for the June quarter slightly to $$35.54 billion and EPS of $9.98 while the consensus stood at revenue of $37.33 billion and earnings per share of $10.38.The December quarter estimate is $17.98 earnings per share as compared to the consensus estimate of $15.65. The iPad estimate has also been expected to increase 34% sequentially to 15.84 million units in the June quarter.
On Friday Apple had launched its latest version of iPad in China without any chaos. The new iPad features a stunning new Retina™ display, Apple’s new A5X chip with quad-core graphics and a 5 megapixel iSight® camera with advanced optics for capturing amazing photos and 1080p HD video. China is a key market for Apple and after the patents battle with Proview in China the Company finally launched its much awaited product in an organized and controlled manner.