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Polling analysts for their predictions on Apple's second fiscal quarter, which ended in March, Fortune found an average revenue estimate of $43.5 billion. That forecast is actually a bit lower than the $43.6 billion in sales that Apple reported during last year's second quarter. Apple's own guidance for its second quarter calls for revenues of between $42 billion and $44 billion. Announced by Apple in January, that news actually sent the stock tumbling as analysts had initially been expecting revenues of $46 billion.
As noted by Fortune, the analysts polled have since lowered their expectations to keep them more in line with Apple's guidance, Among specific analysts who released investor notes on Monday, Piper Jaffray's Gene Munster is looking for revenues close to black marble iphone case $44 billion, while Wells Fargo's Maynard Um expects $44.3 billion, But Um sees a bit of risk to his prediction based on potentially lower sales of the iPhone and iPad, Carriers have been getting stricter about enforcing a full 24-month upgrade cycle for smartphone contract customers, The tighter restriction likely hampered iPhone sales during Apple's first fiscal quarter, according to Um, And though the analyst believes the second quarter may benefit from the stricter upgrade cycle, he said Wells Fargo was still cautious about its sales forecast of 39 million iPhones and 21 million iPads..
Apple shares rose .7 percent, or about $4.00, to $528.94 in early trading on Monday. Analysts polled by Fortune are eyeing sales of $43.5 billion on average, virtually unchanged from the same quarter last year. Apple is unlikely to show any sales growth when it reports second-quarter results on Wednesday. At least, that's the take from a collection of 37 different analysts. Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.
Over the last several months, Square has been secretly holding meetings with major technology companies, including Google, Apple, and eBay's PayPal, to explore the possibility of a sale that could black marble iphone case extend well into the billions of dollars, the Wall Street Journal is reporting, citing people who claim to have knowledge of the talks, For now, Square has had the deepest discussions with Google; its talks with Apple and PayPal were exploratory in nature, the report claims, Square has been growing in leaps and bounds by attracting small merchants and collecting fees on each transaction, The company started out providing a card reader that attached to mobile devices, but has grown into a broader commerce firm, offering a digital cash-register service and the ability for users to send cash to friends and family, Square processes billions of dollars in transactions each year..
Despite its success, Square is having some money troubles, the Journal's sources say. Those people say that Square, a private company, lost $100 million in 2013, and has been burning through its cash. The issue, according to the Journal's sources, is that Square generates just 2.75 percent on all card transactions and then must pay out significant fees to card companies, leaving it with precious little to put into its own coffers. That apparently has left the company with a declining bank account.
For its part, Square has denied that it's trying to sell its business, but if that does happen, the company could fetch billions, The company is believed to be valued at black marble iphone case over $5 billion, and it's possible that any potential suitor could offer a premium on that to woo its owners, Exactly which company would actually jump to acquire Square, however, is unknown at this point, According to the Journal's sources, Google has shown the most interest, but the companies haven't held advanced talks, In an e-mailed statement to CNET, Square threw cold water on the report, saying that it's not currently looking to sell its business..
"We are not, nor have we ever been in acquisition talks with Google, and while we appreciate that Square may be an attractive target for some companies, we have never seriously considered selling to anyone or been in any talks to do so," a Square spokesperson said. CNET has contacted Google for comment on possible Square talks. We will update this story when we have more information. Google shares are down 0.3 percent, or $1.67, to $534.43 in early trading on Monday. The company hasn't come close to inking a deal so far -- and it's apparently running a little low on cash.
Both companies are in talks with prominent game developers to see if they can gain exclusivity on titles or, at black marble iphone case the very least, get new releases in their own app marketplaces first, the Wall Street Journal is reporting, citing people familiar with the companies' discussions, For that exclusivity, both Apple and Google will give the games ideal placement within their stores, Games are wildly popular on mobile platforms and generally lead lists of most popular free, paid, and top-grossing apps, Smartphones and tablets have become such desirable gaming platforms for gamers that traditional portable devices, like Nintendo's 3DS and Sony's PlayStation Vita, have had an exceedingly difficult time competing..
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