Apple likely to meet Q3 result-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Apple likely to meet Q3 results, but all eyes on demand as iPhone 14 gets set to launch

Apple (NASDAQ:AAPL)$Apple(AAPL)$ is likely to meet fiscal third-quarter results when it reports on July 28, but all eyes will be on demand, especially with the iPhone 14 getting ready to launch in the fall, Wedbush Securities said on Tuesday.

Analyst Dan Ives, who has an outperform rating on Apple (AAPL) shares, said that demand for the iPhone is "holding up slightly better than expected," but there is still going to be some weakness, though Wall Street is expecting that.

Ives also noted that Apple (AAPL) likely gained roughly 3% of the smartphone market in China over the past 12 months, thanks to the iPhone 12 and iPhone 13 product cycles.

A consensus of analysts expect the Cupertino, California-based Apple (AAPL) to earn $1.15 per share on $82.77B in revenue for the period.

"Apple is continuing to focus on a robust product pipeline and services ramp into 2023 including what we believe will be the highly anticipated AR/VR headset release," Ives wrote in a note to clients.

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Comments

Tiger Win
2022-07-20
Tiger Win
Ok
sun2038
2022-07-20
sun2038
👍
lfc
2022-07-20
lfc
thanks
lfc
2022-07-20
lfc
thanks
RK888
2022-07-20
RK888
👍
虎威将
2022-07-20
虎威将
K

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