Apple Inc. (NASDAQ:AAPL) iPhone 8 Will Deliver Sales

Apple Inc. (NASDAQ:AAPL) iPhone 8 Will Deliver Sales

Apple Inc. (NASDAQ:AAPL) iPhone 8 Will Deliver Sales

T-Mobile will offer Apple’s latest products starting on September 22‍​.T-Mobile US Inc – Customers will be able to pre-order iPhone 8 and iPhone 8 plus and order apple watch series 3 beginning September 15 online.

The highly-anticipated launch had few surprises as far as upgrades in the iPhone X, but the $999 price tag raised eyebrows and the Nov. 3 shipping date prompted questions about possible supply constraints ahead of the holiday season.

Apple executives announced Tuesday that the new iPhone X, will be available for pre-order in October, and not delivered until Nov. 3. This will enable the tech giant to generate holiday shopping sales but not make the September deadline to include iPhone X revenue in this fiscal year.

Christmas will be huge for Apple!!!

Disappointment over the timing of Apple’s iPhone X release will ease in the coming month.

Expect Apple to Outperform at Earnings Time

Estimates Revisions Summary

Last Week Last 4 Weeks
Number Of Revisions: Up Down Up Down
Revenue
Quarter Ending Jun-17
Quarter Ending Sep-17 0 0 0 0
Year Ending Sep-17 0 0 0 0
Year Ending Sep-18 3 0 5 0
Earnings
Quarter Ending Jun-17
Quarter Ending Sep-17 0 0 0 0
Year Ending Sep-17 0 0 1 0
Year Ending Sep-18 3 0 4 1

Analyst Recommendations and Revisions

1-5 Linear Scale Current 1 Month
Ago
2 Month
Ago
3 Month
Ago
(1) BUY 14 15 14 14
(2) OUTPERFORM 16 18 20 20
(3) HOLD 9 11 11 11
(4) UNDERPERFORM 0 1 1 1
(5) SELL 0 0 0 0
No Opinion 0 0 0 0
Mean Rating 1.87 1.96 1.98 1.98

Consensus Estimates Analysis

Sales and Profit Figures in US Dollar (USD)
Earnings and Dividend Figures in US Dollar (USD)
# of Estimates Mean High Low 1 Year
Ago
SALES (in millions)
Quarter Ending Jun-17 36 44,885.60 46,134.00 43,205.00
Quarter Ending Sep-17 30 51,060.90 53,095.00 49,536.20 50,121.10
Year Ending Sep-17 33 227,752.00 229,750.00 226,191.00 223,767.00
Year Ending Sep-18 32 261,952.00 293,013.00 238,463.00 241,024.00
Earnings (per share)
Quarter Ending Jun-17 38 1.57 1.64 1.50
Quarter Ending Sep-17 32 1.88 2.01 1.80 1.90
Year Ending Sep-17 35 9.00 9.15 8.64 8.89
Year Ending Sep-18 34 10.84 12.83 9.21 10.07
LT Growth Rate (%) 3 11.26 14.40 6.37 8.02

Historical Surprises

Sales and Profit Figures in US Dollar (USD)
Earnings and Dividend Figures in US Dollar (USD)
Estimates vs Actual Estimate Actual Difference Surprise %
SALES (in millions)
Quarter Ending Jun-17 44,885.60 45,408.00 522.39 1.16
Quarter Ending Mar-17 53,015.70 52,896.00 119.71 0.23
Quarter Ending Dec-16 77,249.90 78,351.00 1,101.15 1.43
Quarter Ending Sep-16 46,938.10 46,852.00 86.06 0.18
Quarter Ending Jun-16 42,087.10 42,358.00 270.88 0.64
Earnings (per share)
Quarter Ending Jun-17 1.57 1.67 0.10 6.27
Quarter Ending Mar-17 2.02 2.10 0.08 3.97
Quarter Ending Dec-16 3.21 3.36 0.15 4.55
Quarter Ending Sep-16 1.66 1.67 0.01 0.72
Quarter Ending Jun-16 1.38 1.42 0.04 2.60
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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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