Goldman Sachs: iPhones to have record sales this quarter

Goldman Sachs: iPhones to have record sales this quarterGoldman Sachs analyst Bill Shope is upping his estimates for Apple’s holiday quarter.

  • He thinks it sells 31 million iPhones versus his previous estimate of 30.2 million.
  • He thinks revenue comes in at $38.18 billion versus a previous estimate of $37.06 billion. (The Street is calling for $38.18 billion.)
  • EPS will be $9.94 versus prior estimate of $9.44. (Street estimates are at $9.87.)

If Apple hits his number, it will be 82% growth on a quarterly basis and 91% growth on annual basis. (In other words, holy crap! That’s just sick growth.)

Goldman rates Apple’s stock a “conviction buy,” meaning it thinks it’s a top choice.

Read more: http://www.businessinsider.com/goldman-updates-apple-2012-1#ixzz1ikv0CmRf



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