“All eyes will be on iPhone sales as Apple reports earnings later on Wednesday,” Ina Fried reports for Re/code.
“The flagship mobile device accounts for more than half of Apple’s revenue, but analysts have expressed both near-term and longer-term concerns that iPhone demand could slow amid steep competition from Android devices and a shift by consumers to more moderately priced smartphones,” Fried reports. “‘Based on our April surveys, we believe iPhone sales have slowed following the launch of the Galaxy S5 combined with global consumers delaying iPhone purchases until a new larger screen iPhone launches later this year,’ Canaccord Genuity analyst Michael Walkley said in a recent report.”
“Sanford C. Bernstein analyst Toni Sacconaghi said he sees three other issues for iPhone demand including uncertainty over sales through China Mobile, longer replacement cycles in the U.S. and Apple’s decision to sell lower-price iPhone 4 models in certain emerging markets, such as Brazil, India and Indonesia,” Fried reports. “Collectively, Sacconaghi said those factors ‘point to more downside that upside risk to revenues.'”
Read more in the full article here.
Does number still count?. Last Quarter Apple beating top and bottom numbers but stocks also tanked, so what does that say to you?.
The real question is, with swelling cash in bank, fewer stocks on the market due to huge buy backs, more or even the same number of products sold year after year, just how long will they be able to hold Apple’s stock value down? At one point in just a few years, Apple could go private just using their own assets to buy themselves. If they don’t ANYONE else will.
It is just screaming stupidity. Real sales and profits vs. maybe … potential … someday it could happen … of these other companies on Wall Street.
Once and for all, Apple cannot use it’s assets to go private.
Buying back stock means they retire the stock and the value is concentrated in the remaining stock.
For Apple to go private it would need to raise cash independently to purchase the outstanding shares. Where do you think Apple is going to get a loan of $470B from?
Once and for all…… Apple cannot go private. Please understand that.
Toni Sacconaghi has never been able to see past the $$ that are directly front of his myopic handicapped eyes and ‘vision.
How many samdung S5 have been sold-not shipped? I can see the longer wait time from 20 to 24 months on USA iPhones harming Apple for a single quarter, but no longer.
Scully coming up!!! CNBC What the FCK does that sugar water overpaid Bozo assbag have to spew about NOW!? woulda coulda shoulda F YOU!
Yeah, he was probably smart enough to have sold all of his AAPL at $700 just like you. Right?
He has had insider traders notify when to get out.
I have been hearing reports that the S5 has been selling poorly. How can that be impacting iPhone sales if that is the case.
“Is iPhone demand faltering? We’ll find out today”
Oh, I bet the “analysts” are on the edge of their seats hoping for more fodder for whatever it is they do.
Nervous but waiting.
As Apple themselves have forecast a pretty flat quarter, all we’re really going to learn is how stupid the analysts are again. IPhone 5S and 5C sales will doubtless be down, as people look to the iPhone 6 for upgrading later in the year. The Samsung S5 will have had precisely zero impact on Apple sales, but next year Samsung are going to feel some real pain when the larger screen iPhones are available.
I’m waiting for an iPhone 6 because my contract expires in September, not because of anything Samsung has done. Anyone following Apple knows that. Finding other excuses for Apple’s spring iPhone sales being down is just making things up.
Congratulations Apple!.
Apple beats estimates on strong iPhone sales
Apr 23 2014, 16:33 ET
Apple (AAPL): FQ2 EPS of $11.62 beats by $1.44.Revenue of $45.65B beats by $120M.43.7M iPhones (above expectations), 16.35M iPads (below expectations), 4.1M Macs.Expects FQ3 revenue of $36B-$38B vs. a $37.8B consensus.Shares halted. WooHoo!.