Apple Forecasted to Report Double-Digit Growth in Second Quarter as Sales Remain Strong

Apple will report its financial results later this hour for the second quarter of the 2015 fiscal year, a three-month period spanning January through March that directly followed the holiday shopping season. Apple has offered guidance of between $52 billion and $55 billion in quarterly revenue, while the average of all analysts combined forecasts the company's revenue during the quarter marginally higher at $56.84 billion.

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Philip Elmer-DeWitt at Fortune has compiled a pair of charts that aggregate all predictions by independent and professional analysts for Apple's revenue, EPS, gross margin and number of iPhones, iPads and Macs sold during Q2 2015, and it's believed that Apple will report double-digit growth year-over-year as sales remain strong and the company's momentum continues in 2015.

Amateur analysts are bullish, predicting average quarterly revenue of $58 billion and sales of 60.1 million iPhones, 13.6 million iPads and 4.7 million Macs, while professional analysts remain more conservative with an average estimate of $55.69 billion quarterly revenue and sales of 55.7 million iPhones, 14.2 million iPads and 4.6 million Macs. Apple is also forecasted to have a gross margin of 39.4% based on the average of all analysts.

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MacRumors will be providing live coverage of Apple's financial results as they are reported around 1:30 PM Pacific (4:30 PM Eastern), including the subsequent earnings conference call with CEO Tim Cook and CFO Luca Maestri at 2 PM Pacific (5 PM Eastern). At that time, we'll have a clearer picture of just how well Apple managed to perform in the quarter.

Top Rated Comments

WildCowboy Avatar
85 months ago
Where was that reported? I don't see it in the MR article.

Cook said on last quarter's call that they'll be lumping Apple Watch into the "other" category, so won't be reporting sales numbers on a quarterly basis.

They could still announce some numbers today as a one-off announcement, although they may not if shipments remain low with the order backlog.
Score: 2 Votes (Like | Disagree)
TWSS37 Avatar
85 months ago
Hopefully Tim gives some Watch sales numbers

This is for january to march, the watch went on sale 3 days ago
Score: 1 Votes (Like | Disagree)
akm3 Avatar
85 months ago
Hopefully Tim gives some Watch sales numbers
The best you can hope for is the prepared statements to say something like "Our recently unveiled Apple Watch has finally begun pre-orders and we are thrilled with the phenomenal demand. We are selling them as fast as we can make them"

Then the analysts will try to ask about it anyway, even though they know Tim won't tell them, and Tim will tell them that they won't comment on specifics but demand is thrilling, and the next quarter call blah blah.
Score: 1 Votes (Like | Disagree)
Michael Scrip Avatar
85 months ago
So I guess Apple is *not* doomed?
Score: 1 Votes (Like | Disagree)
SMIDG3T Avatar
85 months ago
Hopefully Tim gives some Watch sales numbers

... Which will put Android to shame.
Score: 1 Votes (Like | Disagree)
applesith Avatar
85 months ago
Hopefully Tim gives some Watch sales numbers
Score: 1 Votes (Like | Disagree)

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