With Apple second quarter results just round the corner, Wall Street is die-hardly awaiting that what the Cupertino-based company holds today for all presenting two possible options that whether it will make it big or not. All eyes on today’s result as it holds the company’s future as if sales of iPhones and iPads blow past the market’s expectations that will results in stating that Apple’s growth momentum is slowing down. But if the results disappoint, it will surely results in more downsizing in sales of its flagship product including the recent iPad 3.
Analysts expect earnings of $10.04 a share on revenue of $36.8 billion in the second quarter ended in March, which implies sales growth of about 50 percent from the year-ago quarter, according to Thomson Reuters I/B/E/S. The company is currently trading at $562.61, down by -9.01 points (or -1.62%).
Earlier, there was predication made that Apple will soon to be a trillion dollar company with its share hits $1,000 mark by 2014. Piper Jaffray senior research analyst Gene Munster joined Topeka analyst Brian White in predicting a run to $1,000 – but by 2014, versus White’s timeframe of around 2013 that would make Apple the world’s first trillion dollar company.
Apple recently announced the new iPad (Apple’s CEO Tim Cook stated earlier that the new iPad had a record weekend with 3 million units sold), will arrive in South Korea and 11 additional countries on Friday, April 20. In addition to South Korea, the new iPad also will be available beginning on Friday, April 20 in Brunei, Croatia, Cyprus, Dominican Republic, El Salvador, Guatemala, Malaysia, Panama, St Maarten, Uruguay and Venezuela. Beginning on Friday, April 27, the new iPad will be available in Colombia, Estonia, India, Israel, Latvia, Lithuania, Montenegro, South Africa and Thailand.
We too are hoping a lot to come today as Apple has a lot to share – keeping finger crossed – just like many of Apple’s lovers and fans – that the company will make big again (after continuous falling of share price) with the today announcement.
Update: Yes the company make it big, Apple just reported Q2 2012: $39.2 billion revenue, $11.6 Billion profit