AP
Apple earnings are coming in a few minutes and we're going to have the numbers as soon as possible.
This post is being updated as we go, so hit refresh for the latest, or just click here.
Here's what analysts are looking for based on Bloomberg's tabulation of estimates:
- Revenue: $43.6 billion
- EPS: $10.16
- iPhones: 37.7 million units
- iPhone average selling price (ASP): $610
- iPads: 19.7 million units
- iPad ASP: $430
- Macs: 4.03 million units
- iPods: 2.99 million units
- Gross Margin: 37.7%
- Q3 revenue guidance: $38.1 billion
Here are some big topics we expect to be addressed on the earnings call:
- What happened to releasing new products? Apple hasn't released any new products this year. This is a bit of a surprise because a year ago Cook said new products would be delivered at the end of 2013 and all across 2014. Now, it looks like Apple is simply planning to release new products in the back half of the year.
- How is China Mobile doing? The biggest move from Apple this year is the release of the iPhone on China Mobile, the world's largest mobile carrier. However, analysts have suggested that sales at China Mobile have been slow because China Mobile is still rolling out its 4G network, and because people are waiting for a bigger phone at the end of the year.
- What's up with the iPad? It is expected to be flat on a year-over-year basis. Why has growth disappeared from the iPad so quickly and what can Apple do to change that?
- When is Angela Ahrendts starting at Apple? She was hired to be Apple's retail chief last October, but has yet to start. When will she take over, and what can she do with Apple's retail operations?
One other thing to watch for: An update on Apple's dividend and buyback program. People are expecting it to be moderately increased.