“Apple will unwrap its outlook for the holiday shopping season on Tuesday, and analysts expect growth—just nothing on par with last year’s bonanza,” Adam Satariano reports for Bloomberg. “The holiday quarter is projected to bring Apple sales of $77 billion and profit of $18.1 billion, or $3.22 a share, according to data compiled by Bloomberg. That would work out to sales growth of 3.4 percent, which is a far cry from the 30 percent Apple put up last holiday season.”
“During the critical October to December period, Apple generates more sales and profit than any other time of the year. The upcoming forecast will be closely watched because Apple is facing questions about whether the latest iPhones can match the record-setting pace of last year’s models, which included the long-overdue addition of bigger screens,” Satariano reports.
“Apple’s business is increasingly tied to one product: the iPhone. Sales of the iPad have slowed, and newer products such as the Apple Watch haven’t become mainstream hits yet,” Satariano reports. “Dialog Semiconductor, an Apple supplier, reported lackluster earnings and gave a disappointing fourth-quarter forecast on Monday, which RBC analyst Amit Daryanani said has a ‘negative implication’ for iPhone sales. Gene Munster, an analyst with Piper Jaffray, wrote in a research note last week that iPhone sales for the holiday quarter are the ‘biggest investor concern’ facing Apple.”
Read more in the full article here.
MacDailyNews Take: No pressure.
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