Fiscal year

Despite analyst fears that Apple couldn’t match last year’s record holiday quarter sales of $74.6B, the guidance issued by the company indicates that it expects to do so. Analysts had been concerned that last year’s record sales had been driven by pent-up demand for larger-screened iPhones, demand that has now been satisfied.

Apple, however, disagrees. The company yesterday issued guidance of $75.5B to $77.5B revenue, which would be a new record. It also said that it expects to maintain its high profit margins into the final quarter of the calendar year (Q1 of Apple’s fiscal year) … 
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Since its launch, Apple Watch sales estimates have either shown it as doing incredibly well, or that it’s doomed to failure. Tim Cook hasn’t announced any figures yet, and may not even report them during tomorrow’s quarterly earnings call. But that won’t stop analysts guessing. If recent “estimates” are anything to go by, the financial wizards in charge of looking in to these numbers have no idea what’s going on. Estimates are all over the place…
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When Apple reports its quarterly earnings later today, the news will be good, according to the consensus view of 47 Apple analysts compiled by Fortune.

Analysts are expecting the company to report earnings of $58.1B for the final quarter of last year (Apple’s fiscal quarter 1), representing 4 percent earnings growth over the same quarter last year. This would be right at the top end of Apple’s guidance of $55-58B, and the first time in a year that Apple would have reported year-on-year growth … 
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