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Saturday, October 16, 2010

Apple earnings expected to blow out on iPhone Street expects earnings to more than double on iPhone, iPad sales

The company is also expected to benefit from growth in sales of its Mac computers — despite some worries that the iPad could cannibalize some of its lower-end laptop devices.

Still, the iPhone is widely expected to be the star of the quarter. Analysts on average expect unit sales to surge by 40% compared with the June quarter — as this will be the first full quarter of sales for the iPhone 4, which hit the market on June 24.

“IPhone 4 has been sold out all quarter based on our checks, smartphones are looking to be the hot category this Christmas, and the Verizon launch (and possibly others) looms in the March quarter,” wrote Kevin Hunt of Hapoalim Securities in a preview report last week.

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