Edible Apple

This coming Tuesday, Apple will deliver its Q2 2012 earnings and analysts are busying themselves with updating their projections for EPS and hardware sales.

This past Friday, Sterne Agee analyst Shaw Wu revised his own projections via a note to investors, writing that he expects Apple to deliver strong than expected results on the strength of impressive iPhone and iPad sales. Mac sales, however, will come up a little short according to Wu.

Wu anticipates Apple will report sales of 29.5 million iPhones and 12.3 million iPads, up from previous estimates of 26 million and 11.5 million respectively. As for Macs, Wu expects Apple to report sales of 4.3 million units.

All told, Wu anticipates Apple will report revenue of $36.8 billion with EPS of $10.20. Wu holds a $750 price target on Apple shares which have been sliding quite significantly lately, closing out the trading day on Friday at $572.98, down from an all-time high in the mid $640 range just a few weeks ago.

While the past quarter isn’t Apple’s busiest (that honor falls on the December quarter), iPad sales should be robust in the wake of the new iPad launch. We’ll have to wait and see what iPhone sales have in store, but it’s worth pointing out that more than half of all of Verizon’s smartphone sales during the past quarter were iPhones.

via Mac Observer