RBC Capital Markets‘ Mike Abramsky issued a new report today sharing his expectations for Apple’s quarterly earnings report next week. The analyst is predicting that the Cupertino company will handily beat market expectations.

Abramsky’s looking for Apple to post a revenue of $24 billion and an earnings per share of $5.75 for last quarter. The boost in revenue is said to be a product of strong iPhone 4 and iPad sales.The note also included results from an interesting survey of over 2000 consumers.

Of those polled, 28% said that they were “very likely” or “somewhat likely” to purchase the latest version of Apple’s tablet. That’s 40% higher than their previous polling in May of 2010, where respondents were questioned in a similar fashion about the original iPad.

The research also revealed a survey of potential iPad 2 purchasers before it launched. The poll showed that out of customers who were planning to purchase a 3G model, 46% wanted Verizon service.

Abramsky’s report should not only please investors but help eradicate rumors of a 2011 iPad 3 launch. Apple is making too much money on its current iPad 2 model to even think of shipping an update this year.

What do you think?


  • JAK

    Interesting enough, by the time the demand has caught up with the want an need, the new ipad 3 will be in order… 🙂 I’m glad i’m waiting for the 3rd Gen ipad.. The year to year gig is Brilliant! Patience is Good.. Competition has never been better…

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