It’s been a big quarter for sales at Apple, but how big? Apple has told Wall Street to expect total sales numbers in the vicinity of $63.5 to $66.5 billion which means 15 percent growth from Q1 2014 at the midpoint. Analysts can’t believe these numbers because they know how many iPhones have sold, that iPad sales are still going (just not as strongly), and that Mac sales are pretty even. They know Apple has has a higher margin for the larger iPhone 6 and 6 Plus models. In all, analysts are expecting a big quarter.
Twenty pro analysts and 15 amateurs agree that total sales for Q1 2015 will be about $68.3 billion, which is up 21 percent year over year. Wall Street thinks that Apple was low-balling its numbers in October. Investors are all expecting a beat, and they’ve bid up stock to within six percent of it’s all-time high.
