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Apple Stock Watch – How Many iPad and iPhones Will Apple Sell?

Posted by Brian Krassenstein on Oct 16th, 2010 and filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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How Many iPads and iPhone Did Apple Sell Last Quarter

After the market closes on Monday the 18th, Apple will be announcing their earnings for this last quarter. The stock price has already been on a tremendous run despite investors having no idea really how much in profit Apple has made this quarter.

Analysts expect revenue of anywhere between $18-21 billion this quarter alone, however they are all over the place in terms of total iPads and iPhones that the company likely sold last quarter. Analysts expect the company to report anywhere from 9.35 million to 13.5 million iPhones sold, while they expect anywhere from 2.4 million to 6.2 million iPads sold. Either way the company certainly looks to be on their way to another remarkable quarter.

The stock price closed at $314.74 on Friday, a day in which Apple shares hit another all time high. Helped by the amazing results from Google on Thursday, investors seem very optimistic in the company. With sales of iPhones and iPads also driving the adoption rate of iMacs in the PC industry, Apple seems to be firing on all cylinders. Are they overpriced? Likely not. The company has billions of dollars in cash on their balance sheet and is riding a wave of strong sales all the way to the bank.

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