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Apple's First-Quarter Earnings Preview: Dissecting the Estimates

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This week, it's time to look at the numbers.

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2. iPads and gross margins: Basically, I had to use a similar methodology on these other two critical segments. I had to search for news and press releases on iPads.

The main item affected by finer research is a constant string of enterprise/corporate adoption rate. Therefore, I am adding a little bit to my sales figures.

I won't bore you and repeat the madness behind the exercise: It is a repeat of what I had to do for the iPhone.

All in all, I added almost $1 billion from last week's preview, mostly based on fresher news… all the while, most analysts have grown more bearish, so I am definitely going against the tide. (Swim with me at your own risk!)

This should wrap up the series on the Apple earnings estimates and EPS preview with components. My last stop, next week, will be setting price targets and sharing ideas based around my EPS model.

Until then, happy holidays to everyone. Have a wonderful, blessed holiday! Thanks for reading!


Twitter: @Alex_Salomon

This article was originally published on See It Market.
No positions in stocks mentioned.
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