KGI Securities analyst Ming-Chi Kuo weighed in over the weekend on what he thinks Apple’s Q2 2015 numbers will be like later today, and now the rest of the major analysts are doing the same.
With Apple set to reveal its fiscal Q2 earnings after market close today, analysts are expecting double-digit year-over-year growth in all categories except iPads. Fortune‘s roundup says that analysts predict revenue of $56.84B, up a massive 24.5% year-over-year, and above the top end of Apple’s $52-55M guidance.
Analysts predict Apple’s earnings per share will be $2.21, up one-third from the previous year, and gross margin is expected to be just short of Apple’s top-end guidance of 39.4 percent.
iPhone and iMacs are expected to show double-digit growth, with iPhones coming at just under 56 million units sold, 32.6 percent higher than the same quarter a year ago, and Mac sales coming in at 4.7 million sold, up 13.6 percent over last year for the same period.
iPad sales are expected to be the only downer in the report, dropping 14.9 percent form last year, down to 13.92 million for the quarter.
As far as Apple Watch pre-orders go, it isn’t known if Apple will reveal any info on those, as the company has previously indicated its sales would fall under the “Other” category, along with the iPods, Apple TV and such.
Apple is scheduled to announce earnings for the second fiscal quarter of 2015, today, April 27. A conference call will follow around 2:00PM Pacific time, 5:00PM Eastern. MacTrast will provide coverage of the earnings announcement and the call.
