The AFB AAPL FQ2 Estimate Index

The AFB AAPL FQ2 Estimate Index

The active members of the Apple Finance Board are best described as an assemblage of talented individuals with colorful personalities. They are outspoken, hardworking and focused on understanding everything there is to know about Apple and the company's financial performance.

As a service to the members of the AFB, a popular and well respected discussion board, I'm hosting the revenue and earnings estimates for Apple's second fiscal quarter developed by members of the community. As the host of the index and commentator on the members and their entries I've published my quarterly estimates in a separate blog entry at Posts At Eventide. 

This is the second consecutive quarter AFB member quarterly estimates have been collected and published. Although several members are new to the quarterly estimate development process newness to publishing estimates belies years of studying Apple as a company and years of familiarity with the company's popular and award-winning products. 

The average estimate of the 24 AFB members participating in the FQ2 index indicates expected revenue of $25.746 billion and earnings per share of $6.39. This is in contrast to the current Wall Street consensus of $23.15 billion in revenue and eps of $5.32. The AFB member revenue estimate represents an expected 90.7% rise in revenue in the quarter and eps growth of 91.9% over the prior-year period. All numbers in the chart below are in millions except per share data. 

Knowing the active members of the AFB from years of moderating the discussion board, it's a pleasure to host the FQ2 index at Posts At Eventide. Comments on the index can be made below and for registered members of the AFB in the topic created specifically for this discussion. 

Robert Paul Leitao


(Post edited 04/10/2011 to include estimates from Andy M. Zaky)













The AFB Member AAPL FQ2 Estimate Index

		Gross		Other	Pre-Tax	Tax	Net
Member Name	Revenue	Margin	OpEx	Income	Income	Expense	Income	EPS
batfink	27,103	10,868	2,450	0	8,418	1,935	6,482	6.91
macorange	27,070	10,828	2,400	0	8,428	2,022	6,405	6.83
Nagrani	29,038	10,889	2,500	0	8,389	2,055	6,334	6.79
Red Shirted Ensign	26,197	10,609	2,400	0	8,209	1,887	6,321	6.72
Gregg Thurman	25,628	10,251	2,364	136	8,023	1,876	6,146	6.57
cdodge	25,454	10,207	2,446	100	7,861	1,705	6,155	6.57
AHHA	25,571	10,459	2,431	67	8,094	1,982	6,111	6.52
ChasMac77	25,639	10,382	2,500	70	7,952	1,907	6,044	6.45
Tetrachloride	25,730	10,210	2,500	100	7,810	1,816	5,994	6.40
PurpleApple	25,306	10,123	2,416	94	7,801	1,833	5,968	6.37
pats	25,716	10,415	2,632	90	7,873	1,928	5,944	6.35
westech	27,035	10,408	2,600	0	7,808	1,873	5,934	6.35
Mercel	25,003	10,114	2,500	145	7,759	1,822	5,936	6.34
michelc	24,960	9,934	2,246	100	7,788	1,853	5,935	6.33
deagol	25,265	10,268	2,410	45	7,903	1,975	5,927	6.32
snoozzzer	26,806	10,186	2,500	75	7,761	1,900	5,860	6.27
awcabot	24,997	10,105	2,479	137	7,763	1,901	5,861	6.26
CdnPhoto	24,446	9,778	2,150	130	7,758	1,939	5,819	6.22
Dennyhil	25,506	10,242	2,531	50	7,761	1,938	5,823	6.21
Mav	25,330	10,056	2,406	50	7,700	1,924	5,776	6.21
adamthompson3232	25,175	10,180	2,569	65	7,676	1,873	5,803	6.20
Andy M. Zaky	24,733	10,017	2,420	60	7,657	1,837	5,820	6.20
petertje	25,781	10,055	2,510	100	7,645	1,872	5,772	6.15
mbeauch	24,421	9,670	2,400	0	7,270	1,744	5,525	5.87
Average	25,746	10,261	2,448	67	7,879	1,892	5,987	6.39

Unit Sales Estimates

AFB member petertje has charted the unit sales estimates provided by the index participants. His charts are posted below by product line:

iPhone Unit Sales Estimates

Macintosh Unit Sales Estimates

iPad Unit Sales Estimates

iPod Unit Sales Estimates