Apple Inc (NASDAQ:AAPL) to unveil 4th quarter earnings this Monday
Apple Inc (NASDAQ:AAPL) has had a busy week with a series of releases. In light of recent successes with launches and sales, Apple Inc (NASDAQ:AAPL)’s 4th quarter earnings report; due to be released on Monday, October 20, is highly anticipated. The reason for this anticipation is the mega success that Apple Inc (NASDAQ:AAPL) has had with the sales of its latest IPhone 6. Apple Inc (NASDAQ:AAPL) has been gloating about its sales ever since it released.
In the past couple of months, Apple Inc (NASDAQ:AAPL) has held major media events, for two of its major releases. The first event was in mid-September, held for their biggest release of the year; the IPhone 6 and 6 plus. Last Thursday Apple Inc (NASDAQ:AAPL) regenerated its iPad series by launching iPad air 2 and re-released iPad mini with a slight tweak. The iPad release came with a new iMac that has an impressive 27 inch screen resolution and a 5k retina display. The Apple Inc (NASDAQ:AAPL) Watch was also unveiled at this event.
Analysts around the world have already anticipated the outcome. It’s being expected that the revenue is projected to amount up to 39.85 billion dollars, representing a growth of 6.2 percent. The EPS is projected to turn out 1.31 dollars. The much anticipated iPhone sales numbers are expected to be around 38 million, which show a growth of 12.7 percent. The iPad unit sales have shown a decline of 9 percent, when compared with last year figures. The December quarter revenue is expected to stand at 63.52 billion dollars, which will be 10.2 percent of growth.
The integral factor that is expected to make major difference to the revenue of Apple Inc (NASDAQ:AAPL) is the sales of iPhone 6. Apple Inc (NASDAQ:AAPL)’s flagship smartphone made 10 million sales in the first week. The preorder sales were record breaking, and even with limited supply, iPhone 6 sales are way ahead as compared to last year. This shows that the most dominant gadget Apple Inc (NASDAQ:AAPL) has in its inventory is the iPhone.
As far as iPads are concerned, Apple Inc (NASDAQ:AAPL) hasn’t had much luck with them. The kind of impressive sale trends that they setup in the year 2010 seem to have been constrained. Hopefully the recently released iPads will change that. But for now, iPad sales have gone down to about 9 percent.
Apple Inc (NASDAQ:AAPL) Pay will make iPhone and iPad more valuable. Apple Inc (NASDAQ:AAPL) Pay has already managed to rope in big banks and organizations for Apple Inc (NASDAQ:AAPL), which is an early indication of the start of its dominance as an online paying system.
IPhone and iPad sales will only get steadier in the coming days. If the sale of iPhone in this quarter is an indication of future trends, Apple Inc (NASDAQ:AAPL) can expect huge profits in the future. The only let down was iPad in the last quarter, but with the latest improved models that host useful apps and latest features; better sales are expected.