{"id":7171,"date":"2017-09-15T12:57:30","date_gmt":"2017-09-15T12:57:30","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=7171"},"modified":"2017-09-15T12:57:30","modified_gmt":"2017-09-15T12:57:30","slug":"fiscal-2018-estimates-tell-us-apple-is-fine","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=7171","title":{"rendered":"Fiscal 2018 Estimates Tell Us Apple is Fine"},"content":{"rendered":"<p>Apple updated Wall Street on Tuesday, September 12, 2017. I wanted to give the Street a few days to chew on the models, etc.etc. and update their numbers.<\/p>\n<p>Here is the change in fiscal 2018 revenue and EPS estimates, from the last year and the last week:<\/p>\n<ul>\n<li>9\/15\/17: EPS est: $10.95, rev est: $263.2 billion<\/li>\n<li>9\/09\/17: EPS est: $10.86, rev est: $261.6 billion<\/li>\n<li>8\/16\/16: EPS est: $10.07, rev est: $241 billion<\/li>\n<\/ul>\n<p>But, really, all investors needed to do was watch the stock after the Tuesday mid-day update.<\/p>\n<p>The worries about iPhone delays, etc. are overblown. If the Christmas quarter is weak in terms of iPhone units or ASP&#8217;s (average selling prices) the fiscal year estimate trend of upward EPS and revenue revisions remains unabated.<\/p>\n<p>So far, little about Apple&#8217;s story has changed for the worse. I worry about it constantly, given the market cap, since a stock with a $815 billion market cap comprises roughly 4% of the $20 trillion output of the US economy.<\/p>\n<p>(Think about that, for a second.)<\/p>\n<p>However, looking at forward estimates and combining with the stock price action, we remain long Apple and might even add a little more.<\/p>\n<p><a href=\"https:\/\/fundamentalis.com\/?p=7153\">Here<\/a> is the blog link from this weekend, referencing the blog post on Apple estimates from August, 2016.<\/p>\n<p>Thanks for reading&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apple updated Wall Street on Tuesday, September 12, 2017. I wanted to give the Street a few days to chew&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[90,186],"tags":[],"class_list":["post-7171","post","type-post","status-publish","format-standard","hentry","category-apple-aapl","category-eps-estimate-revisions"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/7171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7171"}],"version-history":[{"count":3,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/7171\/revisions"}],"predecessor-version":[{"id":7174,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/7171\/revisions\/7174"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}