Apple Earnings Are Due Tuesday. Why the Market May Already Be Looking Past Them. - Barron's
Jul 27, 2021 1 min, 27 secs
Growing regulatory scrutiny of Big Tech generally and Apple (ticker: AAPL) in particular, with a specific focus on the fees Apple charges developers who distribute applications on the company’s App Store for iPhones, iPads, and Macs, is the obvious one.

There are also worries about tough year-over-year comparisons, and some investors fear that the recently robust growth in Mac and iPads sales will slow as the economy returns to more normal conditions.

In the March quarter, Apple’s sales surged 54%, driven by strong growth across the portfolio, with sales increases of 66% for iPhone, 70% for Macs, 79% for iPads, 25% for wearables, and 27% for Services.

Street consensus estimates for the June quarter call for $34.2 billion in iPhone sales, $7.2 billion for iPads, $7.9 billion for Macs, $7.8 billion for wearables, home, and accessories, and $16.3 billion for services.

The company did not provide detailed guidance for the quarter, but cautioned that sales could be reduced by as much as $4 billion due to a tight supply of Macs and iPads tied to component shortages. .

Still, Wedbush analyst Dan Ives thinks Apple is headed for another across-the-board beat, driven by continued strong demand for iPhone 12, with particularly strong demand in China.

“While the chip shortage was an overhang for Apple during the quarter, we believe the iPhone and Services strength in the quarter neutralized any short-term weakness that the Street was anticipating three months ago,” Ives writes.

The analyst says Apple remains his favorite large-cap tech pick, with a “1-2 punch” of services and iPhone demand.

“Apple’s ecosystem approach, including an installed base that exceeds 1.65 billion devices globally and now over 1 billion iPhone users, should continue to generate strong services revenue.”.

Expect a strong June quarter from Apple, with higher highs likely as we approach the fall.

1. Meteor destroyed ancient city, likely inspired Bible tale of Sodom, study finds - The Times of Israel
Sep 25, 2021 # science 1 min, 51 secs
2. Ikea’s $40 Sjömärke pad puts a wireless charger under your desk - The Verge
Sep 19, 2021 # technology 19 secs
3. Final Fantasy Fans Surprised With New Spin-Off Game -
Sep 26, 2021 # technology 40 secs
4. 2022 Toyota Tundra versus Chevy Silverado, Ford F-150 and Ram 1500 - CNET
Sep 20, 2021 # technology 1 min, 20 secs
5. See Blake Shelton's Text to Ariana Grande After Report Claimed She’s Kicking Him Off The Voice - Yahoo Entertainment
Sep 25, 2021 # entertainment 2 secs
6. Apple Leaves ‘Fortnite’ Banned from App Store During Epic Games Lawsuit Appeal - Breitbart
Sep 25, 2021 # technology 52 secs
7. Scientists examine kids' unique immune systems as more fall victim to Covid - CNN
Sep 20, 2021 # politics 2 mins, 23 secs
8. Ariana Grande shares text messages from Blake Shelton joking she'll replace him on 'The Voice' - Fox News
Sep 26, 2021 # entertainment 38 secs
9. ¿Mamá luchona me decís a mí?", los audios del 'grupo de mamis' que terminaron en una brutal pelea de padres
Sep 24, 2021 # breaking 1 min, 13 secs
10. Louder than Life vendor found dead from apparent overdose - WDRB
Sep 24, 2021 # entertainment 23 secs
11. US has enough COVID-19 vaccines for boosters, kids' shots
Sep 26, 2021 # breaking 1 min, 27 secs
12. Jean Smart introduces 'courageous' son Forrest at Emmys 2021 - Page Six
Sep 20, 2021 # entertainment 35 secs
13. EXPLAINER: Who's eligible for Pfizer booster shots in US?
Sep 24, 2021 # breaking 1 min, 7 secs
14. The Ace Attorney 20th anniversary is one week after the Final Mr. Sakurai Presents for Super Smash Bros. Ultimate reveal - EventHubs
Sep 26, 2021 # technology 45 secs
15. Exclusive: PS5 and Xbox Series X restock at Best Buy stores this week – and we have proof - TechRadar
Sep 20, 2021 # technology 40 secs
16. Judge won't order hospital to give ivermectin to patient - Associated Press
Sep 24, 2021 # health 58 secs


Get monthly updates and free resources.


© Copyright 2021 365NEWSX - All RIGHTS RESERVED