“iPhone X demand remains a focus for Wall Street heading into Apple’s fiscal second-quarter earnings report, due after the bell on Tuesday,” Emily Bary reports for MarketWatch. “Apple shares have been dinged in recent days by perceptions of weakness in the Apple supply chain, and iPhone unit-sales estimates have been crawling steadily lower since late last year.”
“Consensus estimates call for 53 million iPhones sold in the second quarter, per FactSet, down 15% from the 62 million analysts were projecting for the period when 2017 ended,” Bary reports. “Analysts expect 19% year-over-year growth for the [Services] segment this time around and will be looking for the company’s commentary on fast-growing areas like the App Store and Apple Music, as well as newer efforts to drum up services business.”
“Analysts tracked by FactSet expect that average selling prices [for iPhone] grew 13% from a year earlier, to $742,” Bary reports. “Analysts surveyed by FactSet estimate that Apple earned $2.69 a share for the March quarter, up from $2.10 a year earlier. According to Estimize, which crowdsources estimates from hedge funds, academics, and others, the average projection calls for $2.73 in adjusted EPS. Apple has beaten EPS expectations in all but one quarter since the start of 2013.”
“The average revenue estimate according to FactSet calls for $61.2 billion in sales, while the Estimize consensus projects $61.6 billion. The company generated revenue of $53 billion a year prior, and projected revenue of $60 billion to $62 billion for the March quarter,” Bary reports. “Analysts expect that Apple brought in $39 billion from iPhone sales and $8.4 billion from services sales, per FactSet, up from $33 billion and $7 billion for the March 2017 quarter.”
Read more in the full article here.
MacDailyNews Take: Beyond the usual (revenue, EPS, etc.) and the ever-important next quarter’s guidance, all eyes will be on Apple’s capital return program announcement.
It is better and more accurate to hear the details from Apple itself later in the day, instead of any dumb speculation from Analcysts and investors. These reports from investors are worse then any report Eddy Cue would write and dish out
Someone should ask about • Airplay 2 • iOS poor hardware keyboard integration with VoiceOver • Siri oblivion • Mac Mini • why Siri can’t be updated server-side
Devin Prater Assistive Technology Instructor certified by World Services for the Blind JAWS certified
>
Wrong thread bro.
Here it is all AAPL.
Get on the so many ranting Apple threads all over the world.
It may not mean much to greedy investors and all-knowing analysts but as long as Apple beats its own guidance, I’ll be satisfied. I’m mainly looking forward to increased dividends from that repatriated cash. I’m hoping that the Services Division will add more revenue to at least offset iPhone sales losses (if that’s actually the case).
I know Apple isn’t like those perfect FANG stocks so any significant share price increase isn’t in the cards. Maybe after all the pre-earnings doom and gloom, Apple stock will go up a couple of dollars which is better than nothing.
The constant negative supply chain chatter is rather disheartening but there’s nothing that can be done about it. No matter how many times analysts are told not to use that data, they continue to do so. It must be a stubborn streak they have.
There’s no doubt in my mind that in the very near future AAPL will go either up or down.