Estimates for Apple's first quarter earnings (January)

Oppenheimer on the concall:

We expect revenue to be about $23 billion compared to $15.7 billion in the December quarter last year. We expect gross margins to be about 36%. We expect OpEx to be about $2.325 billion.

We expect OI&E to be about $65 million. And we expect the tax rate to be about 25.5%. We’re targeting EPS of about $4.80.

Here are my expectations:

• iPhone units:  16.2 million (85% growth)
• Macs: 4.3 million (27% growth)
• iPads: 6 million
• iPods: 18.9 million (-10% growth)
• Music growth: 20%
• Peripherals growth: 28%
• Software growth: 11%
• Total sales: $25.5 billion (63%y/y growth)
• GM: 37.5%
• EPS: $5.86 (60% y/y growth)