“Earnings season is here, and Goldman Sachs thinks at least one behemoth is going to beat expectations: Apple,” Kristen Scholer reports for The Wall Street Journal. “The tech giant should beat on earnings and revenues, driven by better-than-anticipated iPhone sales, the bank wrote in a note to clients Tuesday.”
“It sees calendar first-quarter iPhone sales hitting 53.6 million, compared to consensus of 50 million, per data compiled by FactSet,” Scholer reports. “The bank also projects Apple’s calendar second-quarter revenues and iPhone unit sales will come in above consensus. ‘Our above-consensus near-term views are driven by our supply chain tracker analysis, as well as our consumer survey, which shows stable demand into the June quarter.'”
“From March 31 through April 3, Goldman ran an independent online survey of more than 1,000 consumers, asking them if they planned to get the new iPhone 7 in the fall after it debuts. ‘Most importantly, our survey points to extremely strong pent-up demand for the iPhone 7, with 44% of respondents indicating that that they plan to buy the iPhone 7 in the fall,'” Scholer reports. “The survey also indicates a decent chunk of iPhone 7 sales, near 25%, coming from people switching from other platforms, like Android, suggesting that Apple will continue to gain market share.”
Read more in the full article here.
MacDailyNews Take: You don’t “switch” from an Android phone to a real iPhone, you upgrade. Wildly.
It’s amazing. iPhone sales have been reported as being disappointing for a couple of months now, yet as soon as Apple releases the date of it’s financial results announcement, estimates of iPhone sales start going up again. It’s almost as if the analysts are setting impossibly high expectations once more, so that Apple can be deemed to have failed to meet analysts recently raised expectations.
That’s what’s really bad about owning Apple stock. You won’t find these sort of tactics being played with Amazon, Alphabet or Microsoft. Apple has a big, fat manipulating bulls-eye tattooed on its back. Analysts won’t leave this stock be. If they really don’t like investors to buy Apple, then they should just ignore the stock and tell investors the stocks they should consider buying. I don’t trust any analysts with Apple because there doesn’t seem to be much of a general consensus. They all see things widely different from each other. I’m not sure how they’re figuring out iPhone SE sales but to simply use the term disappointing is rather vague. Disappointing to whom, based on what? This automatic pessimism of Apple should scare a lot of potential investors away.
As long as Apple is continuing buybacks, I’m not going to complain if the share price stays lower. Let Apple get the most it can for the money being spent if they must do it. Hopefully it will benefit me in the long run in terms of larger dividends. I’m sick of comparing Apple to stocks like Netflix or Tesla and their instant share gains for nearly nothing.
Bugger off bitch!
The last paragraph doesn’t make sense in light of the headline. What do sales this fall have to do with whether or not Apple has/had good sales in the first quarter? Stupid ANALysts.
BUY BUY BUY AAPL before the train leaving the stations.
AAPL @ $200 next 12 months, according to Apple analyst Brian White.
http://finance.yahoo.com/video/pro-sticks-apple-170200205.html
In other news, on April 11 Goldman Sachs, continuing a parade of Federal charges against banks, settled a lawsuit for $5.06 Billion for its faulty and deceptive mortgage practices leading to the 2008 financial crisis. Further, the Fed and the FDIC dinged GS for its piss-poor bankruptcy protection plan, something mandated for all financial institutions by anti-bailout legislation passed in the wake of the Recession. Apart from that, Goldman Sachs’ survey teams and current stable of investment advisors are as pure as the driven snow.
But Katy Huberty and her pals said not long ago that Apple iPhone sales are trending down based on expert channel checks, so this simply cannot be true. /s
‘The survey also indicates a decent chunk of iPhone 7 sales, near 25%, coming from people switching from other platforms, like Android…’
Every now and then I watch people doing prank stuff on live cam. Recently, this one prankster guy, who pretends to be a girl at times, text chats with men in their twenties using Tinder (a dating app). During every chat he asks these marks if they want to FaceTime, but many try to deflect by talking about other things. Others don’t comment for several minutes, and eventually ask if they can Skype instead. As soon as Skype is suggested they are completely shutdown by the prankster, which is amusing.
The moral of the story is A LOT of females have iPhones and heroes win by playing in their sandbox.