“Apple has never purchased so many iPhone components,” Philip Elmer-DeWitt writes for Apple 3.0. “And other juicy tidbits from Apple’s 10-K.”
P.E.D. writes, “From a note to clients by RBC’s Amit Daryanani that landed in my inbox Tuesday: Our analysis of AAPL’s 10-K resulted in the following key highlights: 1) Off balance sheet manufacturing and purchase commitments were up sharply at an all-time high of $37.6B, +31.3% Y/Y and 60.5% q/q (iPhone 6 cycle, it was up 31.7% y/y), potentially indicating strong ramp for iPhone X.”
P.E.D. writes, “[Daryanani wrote], ‘We maintain our positive stance on AAPL as we see multiple tailwinds that should enable double-digit EPS growth not just in FY18 but also in FY19 as AAPL benefits from 1) ASP tailwinds from iPhone X and higher memory; 2) GMs benefit from services and better mix; and 3) potential tax reform.'”
Read more, and see the chart, in the full article here.
MacDailyNews Take: Need it be said?
Supercycle!
[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]
There is no shortage of people reading the tea leaves when it comes to predicting Apple’s future plans, but the one factor that should never be downplayed is Apple’s own forecasts for the next quarter.
Apple has a tremendous track record for meeting or exceeding it’s forecasts and they predicted extraordinary growth during this current quarter. You’ve got a choice, either believe what the analysts say, or believe what Apple says. If you are still unconvinced, try comparing Apple’s track record for it’s forecasts with the track record of the analysts.
Meanwhile, my X, initially scheduled for shipping between the 18th and 22nd of December is expected to be delivered the 22nd of November.
A Happy Thanksgiving to you!
Damn those production constraints! Kuo can go to hell, IMO.
There is no shortage of people reading the tea leaves when it comes to predicting Apple’s future plans, but the one factor that should never be downplayed is Apple’s own forecasts for the next quarter.
Apple has a tremendous track record for meeting or exceeding it’s forecasts and they predicted extraordinary growth during this current quarter. You’ve got a choice, either believe what the analysts say, or believe what Apple says. If you are still unconvinced, try comparing Apple’s track record for it’s forecasts with the track record of the analysts.