Analysts Weigh In Ahead of Apple Q2 Earnings Release

Apple will announce its Q2 FY 2015 earnings results today. Apple had in Q1 FY15 the most profitable quarter of any publicly traded company ever with $18 billion.

Update: Apple announced Record Q2 2015 Earnings

Apple is set to release the Q2 earnings numbers today after the market closes. Apple had a record Q1 that included the launch of the iPhone 6 and the crucial Holiday shopping season. The company actually managed to have the biggest quarterly profit of any publicly traded company in the world with $18 billion. This is a tough quarter to follow, but most analysts predict a decent Q2 for Apple with strong iPhone 6 sales.

Apple is still very much dependent on how well the iPhone sells. The iPhone is the make all break all product for Apple. The new Apple Watch will not change that any time soon if ever.

According to the Wall Street Journal Credit Suisse analyst Kulbinder Garcha estimates that Apple sold 60 million iPhones in Q2 compared to 74.5 million the company sold in the record Q1 2015 quarter. Compared to Q2 2014, Apple i seen to have sold 37% more iPhones.

Analyst Ming-Chi Kuo with KGI has almost the same estimate for iPhone shipments in Q2 2015. According to AppleInsider he estimates 58.3 million.

Sales of the iPad are expected to continue to decline as the tablet market is saturated. It remains to be seen if Apple CEO Tim Cook will reveal specific numbers of the Apple Watch sales. 

The AAPL stock closed on $130.28 on Friday. The all-time high is $133.60. The current Apple market cap is $758.85 billion. Analyst Cantor Fitzgerald has expects that Apple will be Trillion Dollar company within the next 12 months.

The Apple Q2 FY15 Earnings release conference call is scheduled for Monday, April 27, 2015, at 2:00 p.m. PT / 5:00 p.m. ET.