Analysts Predict Apple Will Report Single-Digit Earnings Growth in 1Q 2014
Analysts predict Apple will return to growth when the company announces its quarterly earnings later today, reports Philip Elmer-Dewitt of Fortune. Growth will be in the single digits and will be an improvement over the negative earnings growth the company reported for the previous three quarters. Apple is not, however, expected to return to the 50% growth it achieved between 2010 and 2012.
The consensus estimates among the 47 Apple analysts we've heard from so far -- 29 Wall Street professionals and 18 Internet amateurs -- are for earnings of $14.36 per share on sales of $58.1 billion. That represents year-over-year growth of 4.0% for earnings and 6.6% for revenue.
Eighty percent of Fortune's surveyed analysts estimate Apple's revenue will fall within the company's guidance of $55 to $58 billion. Six analysts predict Apple will beat the street with revenue that tops $58 billion. Consensus estimates also predict Apple will sell a record 55 million iPhones and 25 million iPads in 1Q 2014.
Apple will report its quarterly earnings today after the close of trading, at approximately 4:30 PM Eastern / 1:30 PM Pacific. MacRumors will have full coverage of Apple's earnings release and the conference call taking place at 5:00 PM Eastern / 2:00 PM Pacific.
Popular Stories
Apple's annual WWDC developers conference is drawing to a close, but there is still a lot to look forward to in the second half of the year.
Apple is expected to release at least 15 more products later this year. Now that the more intelligent and personal version of Siri has finally arrived in beta, a full two years after Apple first previewed it at WWDC 2024, we should begin to see some new ...
If you pay for extra iCloud storage on your iPhone, beyond the 5GB included for free, you might receive two more perks on iOS 27 at no additional cost.
First, Apple said there will be daily usage limits for some of the new and enhanced Apple Intelligence features on iOS 27, including image generation. However, the company noted that "increased access" is available with "most" iCloud+ storage ...
Apple will end software support for 16 devices this fall across four product lines, with the Apple Watch seeing the most sweeping cull in the product's history.
The full extent of this year's software drops became clear with the announcements of macOS 27 Golden Gate, iPadOS 27, tvOS 27, and watchOS 27 at WWDC this week. The one bright spot is that iOS 27 features identical device support to...
