Apple Inc. reports its fiscal first-quarter earnings after the closing bell Wednesday. With the tech giant's shares falling as of late, and worries about demand and supply constraints for the iPhone 5, we're expecting the company's performance to be carefully dissected by analysts and investors. Here's what to look for:
Apple has told Wall Street analysts that for its first quarter, which ended in December, investors should expect the company to report $52 billion in revenue and earnings of $11.75 a share. The consensus among Wall Street analysts is that Apple will report $54.7 billion in revenue and $13.41 a share in earnings.
We're interested to see if the smaller-and-cheaper iPad mini, released in early November, cannibalized sales of Apple's larger-size iPad. Analysts estimate Apple shipped 23 to 24 million iPads during the quarter.
Similarly, we'd like to know whether consumers flocked to the iPhone 5 the way they did for previous generations of the smartphone, or if many bought older models such as the iPhone 4S. The average selling price for iPhones during the quarter should provide some insight there. Analysts estimate Apple sold 46 to 47 million iPhones in its first quarter.