Watch the analysts’ March quarter revenue estimates shuffle themselves like a deck of cards.
The bad news that’s coming next week—the first year-over-year decline in iPhone sales—was telegraphed to the investment community back in January, when Apple warned that fiscal Q2 2016 revenues were likely to come in between $50 billion and $53 billion.
That’s a ton of revenue, but it’s less than the $58 billion Apple collected in the same quarter last year. And it seemed to confirm what the Asian supply chain had been whispering for weeks: iPhone 6s sales had slowed and parts were building up in inventory.
Overnight, most of the analysts who track Apple had issued new revenue estimates. By now, they all have.
I’ve been keeping track of the trackers, and when you order their before-and-after estimates from largest to smallest, you can almost imagine the analysts snapping to attention.
Below: The individual analysts’ estimates, Wall Street professionals in blue, independents in green.
(Don’t get the effect? Go to the website.)