Will Ritter

Apple Plays the Conservative Card Despite Record Quarter

Along the lines of my post above, we might want to keep in mind that for every million iphones sold, Apple could be recognizing an additional .19 per share in earnings. How many 3g iphones might they sell this quarter? They don't need to sell many to make up for the .24 reduction in guidance:

The .19 was estimated by the following equation and assumptions:

1 million iphones x 170 profit = 170 million profit / 899 million shares = .19 per share, per million iphones.