Oppenheimer on the concall:
We expect revenue to be about $23 billion compared to $15.7 billion in the December quarter last year. We expect gross margins to be about 36%. We expect OpEx to be about $2.325 billion.
We expect OI&E to be about $65 million. And we expect the tax rate to be about 25.5%. We’re targeting EPS of about $4.80.
Here are my expectations:
- iPhone units: 16.2 million (85% growth)
- Macs: 4.3 million (27% growth)
- iPads: 6 million
- iPods: 18.9 million (-10% growth)
- Music growth: 20%
- Peripherals growth: 28%
- Software growth: 11%
- Total sales: $25.5 billion (63%y/y growth)
- GM: 37.5%
- EPS: $5.86 (60% y/y growth)