Apple will release its fiscal 2012 first quarter financial statement next Tuesday, and the iPhone 4S smart phone will become the highlight of the earnings report. In the first quarter of fiscal year 2012, Apple co-founder Steve Jobs passed away.
Analysts estimated Apple’s first quarter earnings per share will be $10.07, up 57%; its revenue will reach $38.76 billion with an increase of 45%.
This quarterly performance is in stark contrast to last-quarter. The company’s last quarter revenue did not meet analysts’ expectations because Apple postponed the new phone release until October 2011.
It is expected that Apple will announce its new iPhone 4S and iPad sales, which hit a new record in the first-quarter financial statement. The rating agency Canaccord Genuity’s forecasted iPhone 4S sales would be 30.5 million and iPad sales would reach 13 million. If not due to the Amazon’s $199 Kindle Fire Tablet competition, the iPad sales would be even higher. Some research report announced last month that the Apple Tablet market share fell from 69.7%t to 65.6%.
Some analysts forecasted Apple will launch a cheaper version of ipad, when it introduces the next generation. As Apple has significantly reduced the price of its older version iPhone, the old version Apple iPad price will be significantly lowered to close to the Kindle Fire tablet current price.
Before Apple was going to release the first-quarter financial statement, Apple stock price touched a new high of $ 431.37 in the intraday trading on Thursday. Its market capitalization broke through the $400 billion mark temporarily for the first time. Apple stock price closed on Friday at the price of $420.30, making its market capitalization reach to $391.7 billion.
AAPL – Apple stock price, Best Stock Watch.com
