Apple Inc (AAPL): Q4 2009 Estimates
Source: http://feedproxy.google.com/~r/FinancialAlchemist/~3/r3PBJ36TdiE/apple-inc-aapl-q4-2009-estimates.htmlPosted on Monday, October 19th, 2009 | In Investing Lessons, Market Commentary
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bApple (nasd:AAPL/b) reports its Q4 2009 results on Monday, October 19th. I am expecting revenue to increase 19% (Y/Y) to $9.374B and EPS to increase 25% to $1.57.nbsp; I expect gross margin to rise sequentially to 36.7% from 36.3% reported in Q3.br //div
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Revenue growth will be driven by strength in the iPhone, iTunes, and software segments. Mac units sales will be up (Y/Y), but Mac ASPs will be down resulting in slightly lower Mac revenue (Y/Y). iPod revenue will be down 10% due to lower unit volume and ASPs.br //div
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Earnings growth will be driven by the higher sales mix of high-margin products such as iPhones and software.br //div
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span style=”font-family: ‘Lucida Grande’; font-size: small;”span class=”Apple-style-span” style=”font-size: 11px;”Disclosure: Long AAPL/span/span/divdiv class=”blogger-post-footer”img width=’1′ height=’1′ src=’https://blogger.googleusercontent.com/tracker/2991101600248617596-9211408610214193850?l=financial-alchemist.blogspot.com’ alt=” //divdiv class=”feedflare”
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Last 5 posts by Turley Muller
- Apple Inc (AAPL): Weaker Dollar Will Benefit Revenue Growth and Margins - November 3rd, 2009
- Apple Inc (AAPL): Current Valuation Still Reasonable - August 11th, 2009
- Apple Inc (AAPL): iPhone's Substantial Impact on Gross Margin - July 29th, 2009
- Apple Inc (AAPL): Examining the Prospects of a Low-Cost iPhone - March 5th, 2009
- Apple Inc (AAPL): Snapshot- Apple's Cash Growth - February 23rd, 2009
 About Turley Muller (http://financial-alchemist.blogspot.com/)
Mr. Muller received a BA in Business with emphasis in finance from Rhodes College, and is currently a candidate for the CFA designation. His work experience includes the banking industry and Mortgage Trading. He tends to follow a value/ growth at reasonable price strategy and spends time creating valuation models in MS Excel. Even though Mr. Muller has an affinity for numbers and accounting, he believes investors do not focus enough on qualitative aspects such as competitive position. Mr. Muller's blog title- "Financial Alchemist" represents his investment philosophy of finding firms that can convert ideas and market strategies into hoards of FCF. Additionally, he tries to incorporate investor psychology and behavioral finance to explain deviations of stock prices from their intrinsic value. |
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