Apple’s been busy this week — unveiling a new iPad and refreshing a few more product lines — and they aren’t done yet. The company is reporting its quarterly earnings Thursday, and analysts will be closely watching the company’s sales figures for the iPhone and iPad.
Analysts are predicting a solid, if not spectacular, quarter for the company. The consensus on Apple earnings is that the company will post around $36.6 billion revenue and at least 25 million in iPhone sales.
As for iPad sales, several analysts have lowered their estimates after Apple chief executive Tim Cook gave a small preview of Thursday’s earnings call at Tuesday's announcement of the iPad mini.
Cook said that Apple, as of two weeks ago, had sold 100 million iPads — indicating that sales may be lower than analysts had originally expected.
In a note sent to investors after the iPad mini event, Sterne Agee analyst Shaw Wu lowered his estimate for iPad shipments to 15.8 million units from 16.5 million units. Ahead of the event, other estimates for the iPad had been even higher — in some cases as high as 18 million.