Apple Inc. (NASDAQ:AAPL) reports quarterly Results on January 23rd. While some firms have lowered their forecasts, analysts at RBC are forecasting a strong quarter. For F1Q13, the analysts at RBC expect revenues / EPS of $57.2bn (+59% qoq/+23% yoy)/$14.59 vs. consensus at $54.6bn/$13.34. With strong iPhone 5 shipments they expect possible upside to their gross margin estimates of 39.3%. Their CY12/CY13 EPS estimates stand at $44.88/$60.36. Apple Inc. (NASDAQ:AAPL) remains well positioned with a privileged advantage in the compute market and will be able to maintain momentum across key product lines driven by continued innovation in hardware, software and services. As such, they are reiterating their outperform rating and price target of $750.
We summarize the details below:
Supply chain noise or end demand weakness, RBC thinks more of an adjustment.