Things look rosy from where I'm standing.
As we noted earlier, Apple's Q2 earnings call will happen on Wednesday. But the industry isn't waiting until then to start speculating. Several analysts have already stepped forward with their own estimates. Much discussion focuses around the iPad 2- and whether or not it will beat its predecessor's sales.
Don't Miss: Find a Nintendo NES Classic in stock
Fortune has compiled estimates from every professional and amateur analyst they could find. The blogger estimates put iPad sales at 6.77 million, with total revenue of $25.3 billion. Professional analyst estimates average at 6.21 iPad sales and $23.2 billion in revenue. Most iPhone sales estimates tend to hover between 27-20 million. A few analysts, like Andy Perkins for Societe Generale, estimated lower- 14 to 15 million.
Bill Shope, with Goldman Sachs, is noteworthy as being the least optimistic analyst in terms of iPhone sales. He expects only 13.24 units to move. This may be due to rumors of the iPhone 5 and white iPhone 4 pushing many customers to wait.
Last year 3.27 million iPads sold during Q2. So even the least optimistic estimates have the iPad 2 doubling sales. Some of that must go down to an earlier launch, but I'd give more credit to new features (like the cameras) and an overall improved product.
When viewed in the context of last year, these (estimated) numbers are extremely impressive. The low estimates have Apple making around $22 billion in revenue. In Q2 2009, they only took home $15.7 billion. Interestingly, most analysts predict that Apple will announce around 10 million iPods moved. Which would actually mean Apple is growing again in that market.
We'll have a chance to put these predictions to the test on Wednesday. But it's hard not to expect yet another blockbuster quarter for the Cupertino-based company that can do no wrong.