RFI cannot verify or guarantee this Recon but we're passing it on for your consideration anyway. There's no way we can verify this recon without getting a look at Apple's books, so take it at face value. After RFI voiced its concerns over Apple's Q3 earnings (the current quarter) some people suggested that wile our concerns were valid that they needed some tweaking. In that item from the 02 Jun 98 RFI Apple Recon Report we stated that we did not believe that the inventory glut and G3 PowerBook delays would have as great an impact on Apple's Q3 as some fear / hope. Apparently, that statement is more in line with the current (and we stress "current") situation as far as Apple's earnings go.
No, we don't have "Inside Information" on this as it would be a "Big No No" as far as the SEC is concerned. We've just been given indications that our nail biting over Apple's Q3 should not be so intense as it has been. If, mild concerns over the inventory glut and G3 PB problems is "intense nail biting." Apparently, even our mild case of nail biting might be overstated.
While it's all fungible and it's not over until the quarter is booked and the final numbers are completed and reported, we should see Apple, at the very least, post a profit if not meet consensus estimates come the July report. In other words, it appears that Apple might be a bright spot in the Tech Sector's earnings reports in July. Good for Apple and good for AAPL.O. We'll have to see. We'll keep you posted as more information comes in.
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