Apple Likely To Crush Analyst Estimates With 53 Million Q1 iPhone Shipments
by Adam Levine-Weinberg
With Apple (AAPL) set to report Q1FY13 earnings on January 23, the average analyst EPS estimate sits at just $13.34, which would represent the first year over year earnings decline since the launch of the iPod. It is true that last year's Q1 had an extra week, but the expected earnings growth is tepid even after adjusting for that factor. The (relatively) low earnings expectations can be explained in part by gross margin concerns, but the consensus estimate for revenue growth of only 18% also plays a major role. read more »
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