Last week, Apple updated its investors relations page to inform people that it will announce its earnings for the first fiscal quarter of 2012 and host a live conference call regarding the earnings on Tuesday, January 24. Since then, analysts and Wall Street have been predicting Apple’s numbers for last quarter. Today, a new survey of Wall Street and independent analysts reveals that all of them expect Apple to report a record iPad sales when it releases its December quarter financial results on January 24th. However, it should be noted that independent analysts usually have a 10 percent high average than the Street’s assumption of 13.5 million units.
Fortune’s Philip Elmer-DeWitt polled 42 analysts and founded that their estimates ranged from 11.73 million to 19.47 million iPad units sold during the December quarter. Last quarter, Apple announced that fourth quarter profits rose nearly 54 percent to $6.62 billion driven by record sales of more than 11 million iPads and nearly 5 million Macs. I suppose, we can easily expect Apple to report a new record high for its iPad sales on January 24th. In fact, it is projected that this quarter will be a $40 billion quarter for Apple.
The low estimate came from Gabelli & Co. analyst, Hendi Susanto, earlier in the December quarter, while the highest forecast came from Apple Finance Board’s, Alexis Cabot, earlier this month. According to Elmer-DeWitt, these numbers are considered outliers. When both groups are counted together, the prediction of 13.5 million iPad units would suggest a 90 percent growth in iPad sales year over year. Analysts have had trouble accurately projecting iPad sales since the tablet’s introduction in 2010.