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Apple Inc. Earnings Preview: Who's the Real Smartphone King Now, Buddy?

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Apple's earnings report could see it reclaim its champion status, if such a distinction even exists any more.

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In that event, get ready to hear even more calls of a Nasdaq (INDEXNASDAQ:.IXIC) bubble. Apple is not only the biggest name in the index, but its results can impact some other big names like Qualcomm (NASDAQ:QCOM) and Sandisk (NASDAQ:SNDK), in addition to its influence as a driver of psychology toward tech stocks.

But as an Apple shareholder, I'm not ready to be buying just yet.

Why?

I'm concerned about iPad sales. The iPad mini line could struggle because of pricing that looks a bit too high, and that may impact iPad unit sales numbers. Sticking to premium pricing is the right thing to do for the brand, but there's a chance it causes some near-term pain.

Note that Apple's stock price has been rising in concert with financial expectations. Our mighty Bloomberg machine indicates that sales and earnings estimates for next quarter have indeed been ticking higher:


Click to enlarge

Sales estimate is in red, stock price is in white.



Click to enlarge

So I'll be just waiting eagerly, eating my popcorn.

Twitter: @Minyanville

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Position in AAPL
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