By all accounts,is preparing for the largest quarter in company history, eventful history on 24 January report, fueled by strong Mac sales, strong demand and unprecedented iPhone sales. And despite the high expectations of Wall Street, are a number of analysts still expect Apple to hit the road if its first fiscal quarter earnings reports next Thursday. RBC Capital Markets is Mike Abramsky said on Wednesday, clients that an "iPhone frenzy" in Apple's December quarter hit a solid first quarter results, and the analyst raised his target on Apple shares as a result. Read on for more.
Abramsky sees Apple reporting sales of $ 40.2 billion for the first quarter of this fiscal year, which is 50% growth over the December quarter in 2010 with a profit of $ 11.00 per share. Wall Street expects Apple 38700000000 $ turnover and earnings per share of $ 9.95 reported.RBC estimates that Apple shipped 32 million iPhones in the first quarter, including 8.5 million iPhones shipped to AT & T, 4.2 million shipped to Verizon and Sprint 1.5 million units shipped and a Another 17.8 million iPhone shipped internationally. Abramsky notes that end-user sales and fixed with "unprecedented iPhone sell-through" and "shortages in several regions." The company also sees Apple iPad with 13 million shipped in the first quarter with 5.1 million Mac computers. In the second quarter of fiscal year is for guidance Abramsky 32000000000 $ in sales and earnings of $ 8.00 per share, search, while the Wall Street consensus is sitting $ 31.8 billion and $ 7.94. He also repeated his Outperform rating on Apple shares and raised its target price to $ 525 from $ 500.
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