By the Numbers

Will Apple's Sales Top $100 Billion?

Apple Store, San Francisco, CA.
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Apple will report fourth quarter and full-fiscal year results after the close Tuesday. Analysts are expecting another blockbuster quarter from the tech giant, with a consensus Q4 EPS estimate of $7.39, 59 percent higher than last year’s Q4 EPS of $4.64.

And for the first time in history, Apple’s sales may top $100 billion in a fiscal year. Analysts are projecting revenues of $109.5 billion dollars, up 68 percent from last year. The company has already brought in $80.0 billion in sales through the first 3 quarters of its fiscal year. 

In fact, Apple reported $20.3 billion in sales during the fourth quarter last year and has reported at least 70 percent year-over-year growth in quarterly revenues in each of the first 3 quarters this year.

The Street, of course, isn’t wondering if Apple will cross the $100 billion revenue threshold, but how much above that mark 2011 sales will be.

While Apple is already the world’s biggest stock by market cap, it is also quickly catching up to Hewlett-Packard to become the largest tech company by annual revenues in the U.S.

Hewlett-Packard, which releases its full-year earning report on November 21, is currently expected to report revenues of $127.2 billion, about $17.7 billion more than Apple’s expected numbers for 2011.

Strong initial sales of the new iPhone 4S and hype about a potential third version of the iPad may help Apple see further top-line growth ahead. Indeed, according to S&P Capital IQ, Apple now has the 9th highest median revenue expectation over the next 12 months in the U.S.

By comparison, Apple’s $130.4 billion in expected sales over the next 12 months exceeds the $125.8 billion in sales expected from Hewlett-Packard during that same period.