Nearly Zero Year-to-Year Growth Expected for Apple

Nearly Zero Year-to-Year Growth Expected for Apple

Tim Cook at D11

On July 24, according to Thomson Financial, Wall Street expects Apple to report earnings of $7.33 on sales of $35.17 billion.

Even that is too optimistic, according to Fortune‘s preliminary survey. The median revenue estimate from the 35 Wall Street analysts who have responded so far is $35.02 billion.

That’s an interesting number, because $35.02 billion happens to be precisely what Apple reported in the same quarter last year. In other words, Apple’s revenue growth year over year would be zero.

Apple is expected to report nearly zero year-to-year growth for Q3 2013. Good thing they supposedly have a lot in store for us at the end of this year and going into next, right?

Post a response / What do you think?