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.
