A Wall Street analysts predicts Apple will report strong September quarter sales next Wednesday:
"We are modeling continued strength in its Mac business (up 6 percent Q/Q to 1.4 million units) driven by MacBook and a rebound in its iPod business (up 5 percent Q/Q to 8.5 million units) helped by new nanos and initial shipments of its new shuffle," American Technology Research analyst Shaw Wu wrote in a note to investors on Monday.
Wu believes Apple will once again guide analysts conservatively for its December quarter, setting reasonable expectations that it can meet or exceed.
"For revenue, we believe Apple will likely guide to $5.7 - 6.1 billion (we are at the upper-end at $6.0 billion), up 25-31 percent Q/Q, fueled by continued Mac strength and a continued strong rebound in its iPod business," he wrote. "As usual, we find consensus out-quarter revenue estimates unreasonably aggressive -- this time at $6.5 billion."