On Tuesday, the largest US financial company Morgan Stanley in its report to investors marked the upcoming release of the next generation iPhone 5 from Apple "one of the most important production cycles in the last 2 years." According to the company, sales will peak in the fourth quarter.
At the same time, one of the analysts of this company, Katie Huberty, presented an optimistic forecast for the fourth quarter of this year, noting the potential for shipments of smartphones iPhone 5 and Mac computers, which may be close to the projected results. According to the data published for the second quarter of this year, 27 million and 4.1 million units of products were produced, respectively.
The company estimates that Apple will generate $ 35.1 billion in gross profit in the near future, or 43.1%, with earnings of $ 9.45 per share.
Apple's revenue projections and $ 13 billion in debt for March this year suggest the company's second-quarter revenues were $ 39 billion, up 4% from Apple's consensus forecasts.
In terms of the firm's projected earnings from stocks, Huberty expects the iPhone 5 to grow by one point in revenue from lower supplies. To be sure, earnings of $ 10 per share are close to $ 10.38, as the company predicted. But they still deviate by 3.5 points from Apple's forecasts for the last quarter of this year.
Literally in April of this year, at its annual meeting, Apple released its second-quarter revenue forecast for a total of $ 34 billion and earnings per share of $ 8.68. Every year since 2008, Apple has provided forecasts of earnings and earnings per share for the second half of the year, which tend to deviate from expectations by an average of 2-10%.
According to shipments, it is estimated that the iPhone 5 will ship 27 million units in the second quarter. In the first quarter, telecommunications companies AT&T, Verizon and Sprint received 24% of all phones shipped to the market. If this quantity remains the same, then in order to reach the mark of 27 million units of goods, it is necessary to supply 6.5 million units of products to the above operators.
Huberty expects Apple to ship 4.1 million Macs in the second quarter, according to figures released by analyst firms IDC and Gartner last week.
Looking forward to the analyst's forecasts, according to preliminary estimates for the third quarter, shipments of the iPhone 5 will amount to 26 million units, iPad - 17 million, Mac - 5.3 million, iPods - 5.4 million units. The iPhone 5 shipments data show that consumers are following Apple's innovations. But analysts predict that new products are not expected to have a significant impact on the company's bottom line.
Huberty said Apple expects fourth-quarter revenue of $ 60.9 billion and earnings per share of $ 18.48, 12% and 19% above Apple's own forecasts. At the same time, Morgan Stanley predicts the value of one share at $ 738.
Apple will release fiscal third quarter earnings at a conference call on July 24th.
