Apple: Don't Buy A Falling Knife

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Apple: Don't Buy A Falling Knife

Seekingalpha2023-01-06

SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends ...

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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May168
·2023-01-07
rally soon
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JCai
·2023-01-07
Ok
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- JCai:
  yes
  2023-01-07
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PhilipGoh
·2023-01-07
[Cry]
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来人
·2023-01-06
Ok
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2
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Sky Tgr
·2023-01-06
"I'm free... Free falling!" (pls like the song) [Happy] [Facepalm]
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- CynthiaGho:
  👍
  2023-01-07
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Henryee18
·2023-01-06
Do your own DD
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chaicka
·2023-01-06
Risk Off, Move Back to Pre-Pandemic PE Norm. Right now still high...room to drop further.
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kong1509
·2023-01-06
Ok
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henglaw
·2023-01-06
Ok
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MengKeng
·2023-01-06
wait for the apple to fall lower, hehe
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Thalos
·2023-01-06
Ok
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Don't Buy A Falling Knife\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-06 21:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends ...</p>\n\n<a href=\"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAPL","symbol_name":"苹果","start_time":0,"source_url":"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife","article_id":"1103843631","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1103843631","pubTimestamp":1673012650,"sourceInfo":{"source_id":"seekingalpha_fund","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soa","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AAPL":"苹果"},"translate_title":"苹果：不要买掉落的刀","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":0.9},"content_text":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends are now profoundly negative for Apple.Shares of Apple Inc. skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4'22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!Fragile market setup likely lead to weak top line growth for Apple in FQ1’23According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple's valuation going forward.Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.Muted growth expectations: analysts don't expect much from Apple in FY 2023Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China's reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple's estimate trend could get worse in Q1’23.Stock buybacks and Apple’s valuationStock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don't believe that Apple is especially cheap.Final thoughtsApple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9959465161,"gmtCreate":1673052633953,"gmtModify":1676538774553,"author":{"id":"4091627897322240","authorId":"4091627897322240","name":"May168","avatar":"https://static.tigerbbs.com/e7814d9dbbebfd7d55db30062d9856e7","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"rally soon&nbsp;","listText":"rally soon&nbsp;","text":"rally soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959465161","repostId":1103843631,"repostType":4,"repost":{"id":"1103843631","pubTimestamp":1673012650,"share":"https://www.laohu8.com/m/news/1103843631?lang=&edition=full","pubTime":"2023-01-06 21:44","market":"us","language":"en","title":"Apple: Don't Buy A Falling Knife","url":"https://stock-news.laohu8.com/highlight/detail?id=1103843631","media":"Seekingalpha","summary":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soa","content":"<html><head></head><body><h3>Summary</h3><ul><li>Apple Inc.’s shares have dropped into a new down-leg lately.</li><li>Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.</li><li>EPS and revenue estimate trends are now profoundly negative for Apple.</li></ul><p>Shares of <a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a> skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4&#39;22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!</p><h3><img src=\"https://static.tigerbbs.com/b27e0db018a996aab7a78534b4825d78\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Fragile market setup likely lead to weak top line growth for Apple in FQ1’23</h3><p>According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.</p><p><img src=\"https://static.tigerbbs.com/df16e5efe30c9cfbd5d833db7df07b41\" tg-width=\"640\" tg-height=\"439\" referrerpolicy=\"no-referrer\"/>Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.</p><p><img src=\"https://static.tigerbbs.com/d305e8ea0c7ade53f5c02ce339bc2b3f\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple&#39;s valuation going forward.</p><p>Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.</p><h3>Muted growth expectations: analysts don&#39;t expect much from Apple in FY 2023</h3><p>Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China&#39;s reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.</p><p><img src=\"https://static.tigerbbs.com/b6f978e36e1a1fbbb1a8ae487d56241d\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple&#39;s estimate trend could get worse in Q1’23.</p><h3><img src=\"https://static.tigerbbs.com/732a8ccebfae0c061e885b67f2efa8f6\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Stock buybacks and Apple’s valuation</h3><p>Stock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.</p><p><img src=\"https://static.tigerbbs.com/33c69341fdfbb78adf1f155a5661473a\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/>Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don&#39;t believe that Apple is especially cheap.</p><h3><img src=\"https://static.tigerbbs.com/6c137f41be9d5e64ddf766ce70287b6c\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Final thoughts</h3><p>Apple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Don't Buy A Falling Knife</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Don't Buy A Falling Knife\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-06 21:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends ...</p>\n\n<a href=\"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103843631","content_text":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends are now profoundly negative for Apple.Shares of Apple Inc. skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4'22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!Fragile market setup likely lead to weak top line growth for Apple in FQ1’23According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple's valuation going forward.Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.Muted growth expectations: analysts don't expect much from Apple in FY 2023Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China's reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple's estimate trend could get worse in Q1’23.Stock buybacks and Apple’s valuationStock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don't believe that Apple is especially cheap.Final thoughtsApple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9959417014,"gmtCreate":1673049921738,"gmtModify":1676538773937,"author":{"id":"3574897713454581","authorId":"3574897713454581","name":"JCai","avatar":"https://static.tigerbbs.com/a4408059854d4abfa5d3e8513d447a16","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9959417014","repostId":1103843631,"repostType":4,"repost":{"id":"1103843631","pubTimestamp":1673012650,"share":"https://www.laohu8.com/m/news/1103843631?lang=&edition=full","pubTime":"2023-01-06 21:44","market":"us","language":"en","title":"Apple: Don't Buy A Falling Knife","url":"https://stock-news.laohu8.com/highlight/detail?id=1103843631","media":"Seekingalpha","summary":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soa","content":"<html><head></head><body><h3>Summary</h3><ul><li>Apple Inc.’s shares have dropped into a new down-leg lately.</li><li>Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.</li><li>EPS and revenue estimate trends are now profoundly negative for Apple.</li></ul><p>Shares of <a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a> skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4&#39;22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!</p><h3><img src=\"https://static.tigerbbs.com/b27e0db018a996aab7a78534b4825d78\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Fragile market setup likely lead to weak top line growth for Apple in FQ1’23</h3><p>According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.</p><p><img src=\"https://static.tigerbbs.com/df16e5efe30c9cfbd5d833db7df07b41\" tg-width=\"640\" tg-height=\"439\" referrerpolicy=\"no-referrer\"/>Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.</p><p><img src=\"https://static.tigerbbs.com/d305e8ea0c7ade53f5c02ce339bc2b3f\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple&#39;s valuation going forward.</p><p>Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.</p><h3>Muted growth expectations: analysts don&#39;t expect much from Apple in FY 2023</h3><p>Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China&#39;s reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.</p><p><img src=\"https://static.tigerbbs.com/b6f978e36e1a1fbbb1a8ae487d56241d\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple&#39;s estimate trend could get worse in Q1’23.</p><h3><img src=\"https://static.tigerbbs.com/732a8ccebfae0c061e885b67f2efa8f6\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Stock buybacks and Apple’s valuation</h3><p>Stock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.</p><p><img src=\"https://static.tigerbbs.com/33c69341fdfbb78adf1f155a5661473a\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/>Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don&#39;t believe that Apple is especially cheap.</p><h3><img src=\"https://static.tigerbbs.com/6c137f41be9d5e64ddf766ce70287b6c\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Final thoughts</h3><p>Apple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Don't Buy A Falling Knife</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Don't Buy A Falling Knife\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-06 21:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends ...</p>\n\n<a href=\"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103843631","content_text":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends are now profoundly negative for Apple.Shares of Apple Inc. skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4'22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!Fragile market setup likely lead to weak top line growth for Apple in FQ1’23According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple's valuation going forward.Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.Muted growth expectations: analysts don't expect much from Apple in FY 2023Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China's reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple's estimate trend could get worse in Q1’23.Stock buybacks and Apple’s valuationStock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don't believe that Apple is especially cheap.Final thoughtsApple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105480203,"gmtCreate":1673049925431,"gmtModify":1673049938376,"authorId":3574897713454581,"author":{"id":3574897713454581,"authorId":3574897713454581,"name":"JCai","avatar":"https://static.tigerbbs.com/a4408059854d4abfa5d3e8513d447a16","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9959417014,"type":1,"supId":0,"prevId":0,"content":"<u>yes</u>","text":"<u>yes</u>","html":"<u>yes</u>"}],"langContent":"EN"},{"id":9959436928,"gmtCreate":1673047389564,"gmtModify":1676538773478,"author":{"id":"3574730309796268","authorId":"3574730309796268","name":"PhilipGoh","avatar":"https://static.tigerbbs.com/d6085185a57dcb9a222e871338387428","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":7,"crmLevelSwitch":1},"htmlText":"[Cry]&nbsp;","listText":"[Cry]&nbsp;","text":"[Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959436928","repostId":1103843631,"repostType":4,"repost":{"id":"1103843631","pubTimestamp":1673012650,"share":"https://www.laohu8.com/m/news/1103843631?lang=&edition=full","pubTime":"2023-01-06 21:44","market":"us","language":"en","title":"Apple: Don't Buy A Falling Knife","url":"https://stock-news.laohu8.com/highlight/detail?id=1103843631","media":"Seekingalpha","summary":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soa","content":"<html><head></head><body><h3>Summary</h3><ul><li>Apple Inc.’s shares have dropped into a new down-leg lately.</li><li>Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.</li><li>EPS and revenue estimate trends are now profoundly negative for Apple.</li></ul><p>Shares of <a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a> skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4&#39;22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!</p><h3><img src=\"https://static.tigerbbs.com/b27e0db018a996aab7a78534b4825d78\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Fragile market setup likely lead to weak top line growth for Apple in FQ1’23</h3><p>According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.</p><p><img src=\"https://static.tigerbbs.com/df16e5efe30c9cfbd5d833db7df07b41\" tg-width=\"640\" tg-height=\"439\" referrerpolicy=\"no-referrer\"/>Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.</p><p><img src=\"https://static.tigerbbs.com/d305e8ea0c7ade53f5c02ce339bc2b3f\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple&#39;s valuation going forward.</p><p>Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.</p><h3>Muted growth expectations: analysts don&#39;t expect much from Apple in FY 2023</h3><p>Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China&#39;s reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.</p><p><img src=\"https://static.tigerbbs.com/b6f978e36e1a1fbbb1a8ae487d56241d\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple&#39;s estimate trend could get worse in Q1’23.</p><h3><img src=\"https://static.tigerbbs.com/732a8ccebfae0c061e885b67f2efa8f6\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Stock buybacks and Apple’s valuation</h3><p>Stock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.</p><p><img src=\"https://static.tigerbbs.com/33c69341fdfbb78adf1f155a5661473a\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/>Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don&#39;t believe that Apple is especially cheap.</p><h3><img src=\"https://static.tigerbbs.com/6c137f41be9d5e64ddf766ce70287b6c\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Final thoughts</h3><p>Apple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Don't Buy A Falling Knife</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Don't Buy A Falling Knife\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-06 21:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends ...</p>\n\n<a href=\"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103843631","content_text":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends are now profoundly negative for Apple.Shares of Apple Inc. skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4'22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!Fragile market setup likely lead to weak top line growth for Apple in FQ1’23According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple's valuation going forward.Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.Muted growth expectations: analysts don't expect much from Apple in FY 2023Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China's reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple's estimate trend could get worse in Q1’23.Stock buybacks and Apple’s valuationStock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don't believe that Apple is especially cheap.Final thoughtsApple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9959593649,"gmtCreate":1673017562882,"gmtModify":1676538770239,"author":{"id":"3575544575320394","authorId":"3575544575320394","name":"来人","avatar":"https://static.tigerbbs.com/0af89587decbb8a1d3e1596adc29cb98","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959593649","repostId":1103843631,"repostType":4,"repost":{"id":"1103843631","pubTimestamp":1673012650,"share":"https://www.laohu8.com/m/news/1103843631?lang=&edition=full","pubTime":"2023-01-06 21:44","market":"us","language":"en","title":"Apple: Don't Buy A Falling Knife","url":"https://stock-news.laohu8.com/highlight/detail?id=1103843631","media":"Seekingalpha","summary":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soa","content":"<html><head></head><body><h3>Summary</h3><ul><li>Apple Inc.’s shares have dropped into a new down-leg lately.</li><li>Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.</li><li>EPS and revenue estimate trends are now profoundly negative for Apple.</li></ul><p>Shares of <a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a> skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4&#39;22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!</p><h3><img src=\"https://static.tigerbbs.com/b27e0db018a996aab7a78534b4825d78\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Fragile market setup likely lead to weak top line growth for Apple in FQ1’23</h3><p>According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.</p><p><img src=\"https://static.tigerbbs.com/df16e5efe30c9cfbd5d833db7df07b41\" tg-width=\"640\" tg-height=\"439\" referrerpolicy=\"no-referrer\"/>Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.</p><p><img src=\"https://static.tigerbbs.com/d305e8ea0c7ade53f5c02ce339bc2b3f\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple&#39;s valuation going forward.</p><p>Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.</p><h3>Muted growth expectations: analysts don&#39;t expect much from Apple in FY 2023</h3><p>Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China&#39;s reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.</p><p><img src=\"https://static.tigerbbs.com/b6f978e36e1a1fbbb1a8ae487d56241d\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple&#39;s estimate trend could get worse in Q1’23.</p><h3><img src=\"https://static.tigerbbs.com/732a8ccebfae0c061e885b67f2efa8f6\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Stock buybacks and Apple’s valuation</h3><p>Stock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.</p><p><img src=\"https://static.tigerbbs.com/33c69341fdfbb78adf1f155a5661473a\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/>Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don&#39;t believe that Apple is especially cheap.</p><h3><img src=\"https://static.tigerbbs.com/6c137f41be9d5e64ddf766ce70287b6c\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Final thoughts</h3><p>Apple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Don't Buy A Falling Knife</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Don't Buy A Falling Knife\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-06 21:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends ...</p>\n\n<a href=\"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103843631","content_text":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends are now profoundly negative for Apple.Shares of Apple Inc. skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4'22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!Fragile market setup likely lead to weak top line growth for Apple in FQ1’23According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple's valuation going forward.Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.Muted growth expectations: analysts don't expect much from Apple in FY 2023Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China's reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple's estimate trend could get worse in Q1’23.Stock buybacks and Apple’s valuationStock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don't believe that Apple is especially cheap.Final thoughtsApple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9959504903,"gmtCreate":1673017094103,"gmtModify":1676538770121,"author":{"id":"4105164288302490","authorId":"4105164288302490","name":"Sky Tgr","avatar":"https://static.itradeup.com/news/2df38375a020643507d69e511e3afc6b","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"\"I'm free... Free falling!\" (pls like the song)&nbsp;[Happy]&nbsp;[Facepalm]&nbsp;","listText":"\"I'm free... Free falling!\" (pls like the song)&nbsp;[Happy]&nbsp;[Facepalm]&nbsp;","text":"\"I'm free... Free falling!\" (pls like the song) [Happy] [Facepalm]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9959504903","repostId":1103843631,"repostType":4,"repost":{"id":"1103843631","pubTimestamp":1673012650,"share":"https://www.laohu8.com/m/news/1103843631?lang=&edition=full","pubTime":"2023-01-06 21:44","market":"us","language":"en","title":"Apple: Don't Buy A Falling Knife","url":"https://stock-news.laohu8.com/highlight/detail?id=1103843631","media":"Seekingalpha","summary":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soa","content":"<html><head></head><body><h3>Summary</h3><ul><li>Apple Inc.’s shares have dropped into a new down-leg lately.</li><li>Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.</li><li>EPS and revenue estimate trends are now profoundly negative for Apple.</li></ul><p>Shares of <a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a> skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4&#39;22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!</p><h3><img src=\"https://static.tigerbbs.com/b27e0db018a996aab7a78534b4825d78\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Fragile market setup likely lead to weak top line growth for Apple in FQ1’23</h3><p>According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.</p><p><img src=\"https://static.tigerbbs.com/df16e5efe30c9cfbd5d833db7df07b41\" tg-width=\"640\" tg-height=\"439\" referrerpolicy=\"no-referrer\"/>Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.</p><p><img src=\"https://static.tigerbbs.com/d305e8ea0c7ade53f5c02ce339bc2b3f\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple&#39;s valuation going forward.</p><p>Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.</p><h3>Muted growth expectations: analysts don&#39;t expect much from Apple in FY 2023</h3><p>Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China&#39;s reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.</p><p><img src=\"https://static.tigerbbs.com/b6f978e36e1a1fbbb1a8ae487d56241d\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple&#39;s estimate trend could get worse in Q1’23.</p><h3><img src=\"https://static.tigerbbs.com/732a8ccebfae0c061e885b67f2efa8f6\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Stock buybacks and Apple’s valuation</h3><p>Stock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.</p><p><img src=\"https://static.tigerbbs.com/33c69341fdfbb78adf1f155a5661473a\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/>Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don&#39;t believe that Apple is especially cheap.</p><h3><img src=\"https://static.tigerbbs.com/6c137f41be9d5e64ddf766ce70287b6c\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Final thoughts</h3><p>Apple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Don't Buy A Falling Knife</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Don't Buy A Falling Knife\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-06 21:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends ...</p>\n\n<a href=\"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103843631","content_text":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends are now profoundly negative for Apple.Shares of Apple Inc. skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4'22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!Fragile market setup likely lead to weak top line growth for Apple in FQ1’23According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple's valuation going forward.Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.Muted growth expectations: analysts don't expect much from Apple in FY 2023Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China's reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple's estimate trend could get worse in Q1’23.Stock buybacks and Apple’s valuationStock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don't believe that Apple is especially cheap.Final thoughtsApple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105478377,"gmtCreate":1673021889352,"gmtModify":1673021902800,"authorId":3585269828090771,"author":{"id":3585269828090771,"authorId":3585269828090771,"name":"CynthiaGho","avatar":"https://static.itradeup.com/news/f4e1adb658462550fca78ca358f2bf01","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9959504903,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">👍</span>","text":"<span class=\"s1\">👍</span>","html":"<span class=\"s1\">👍</span>"}],"langContent":"EN"},{"id":9959508571,"gmtCreate":1673016622494,"gmtModify":1676538770027,"author":{"id":"3561088065415396","authorId":"3561088065415396","name":"Henryee18","avatar":"https://static.tigerbbs.com/68e1124a4989ce380d6aa143a07b2620","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":6,"crmLevelSwitch":1},"htmlText":"Do your own DD","listText":"Do your own DD","text":"Do your own DD","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959508571","repostId":1103843631,"repostType":4,"repost":{"id":"1103843631","pubTimestamp":1673012650,"share":"https://www.laohu8.com/m/news/1103843631?lang=&edition=full","pubTime":"2023-01-06 21:44","market":"us","language":"en","title":"Apple: Don't Buy A Falling Knife","url":"https://stock-news.laohu8.com/highlight/detail?id=1103843631","media":"Seekingalpha","summary":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soa","content":"<html><head></head><body><h3>Summary</h3><ul><li>Apple Inc.’s shares have dropped into a new down-leg lately.</li><li>Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.</li><li>EPS and revenue estimate trends are now profoundly negative for Apple.</li></ul><p>Shares of <a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a> skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4&#39;22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!</p><h3><img src=\"https://static.tigerbbs.com/b27e0db018a996aab7a78534b4825d78\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Fragile market setup likely lead to weak top line growth for Apple in FQ1’23</h3><p>According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.</p><p><img src=\"https://static.tigerbbs.com/df16e5efe30c9cfbd5d833db7df07b41\" tg-width=\"640\" tg-height=\"439\" referrerpolicy=\"no-referrer\"/>Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.</p><p><img src=\"https://static.tigerbbs.com/d305e8ea0c7ade53f5c02ce339bc2b3f\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple&#39;s valuation going forward.</p><p>Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.</p><h3>Muted growth expectations: analysts don&#39;t expect much from Apple in FY 2023</h3><p>Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China&#39;s reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.</p><p><img src=\"https://static.tigerbbs.com/b6f978e36e1a1fbbb1a8ae487d56241d\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple&#39;s estimate trend could get worse in Q1’23.</p><h3><img src=\"https://static.tigerbbs.com/732a8ccebfae0c061e885b67f2efa8f6\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Stock buybacks and Apple’s valuation</h3><p>Stock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.</p><p><img src=\"https://static.tigerbbs.com/33c69341fdfbb78adf1f155a5661473a\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/>Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don&#39;t believe that Apple is especially cheap.</p><h3><img src=\"https://static.tigerbbs.com/6c137f41be9d5e64ddf766ce70287b6c\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Final thoughts</h3><p>Apple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Don't Buy A Falling Knife</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Don't Buy A Falling Knife\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-06 21:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends ...</p>\n\n<a href=\"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103843631","content_text":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends are now profoundly negative for Apple.Shares of Apple Inc. skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4'22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!Fragile market setup likely lead to weak top line growth for Apple in FQ1’23According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple's valuation going forward.Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.Muted growth expectations: analysts don't expect much from Apple in FY 2023Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China's reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple's estimate trend could get worse in Q1’23.Stock buybacks and Apple’s valuationStock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don't believe that Apple is especially cheap.Final thoughtsApple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9959276425,"gmtCreate":1673014829568,"gmtModify":1676538769785,"author":{"id":"4090019857770890","authorId":"4090019857770890","name":"chaicka","avatar":"https://static.tigerbbs.com/c0c291a2a7983f128cf68e5b01fedd73","vip":1,"crmLevel":6,"crmLevelSwitch":0},"htmlText":"Risk Off, Move Back to Pre-Pandemic PE Norm. Right now still high...room to drop further.","listText":"Risk Off, Move Back to Pre-Pandemic PE Norm. Right now still high...room to drop further.","text":"Risk Off, Move Back to Pre-Pandemic PE Norm. Right now still high...room to drop further.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959276425","repostId":1103843631,"repostType":4,"repost":{"id":"1103843631","pubTimestamp":1673012650,"share":"https://www.laohu8.com/m/news/1103843631?lang=&edition=full","pubTime":"2023-01-06 21:44","market":"us","language":"en","title":"Apple: Don't Buy A Falling Knife","url":"https://stock-news.laohu8.com/highlight/detail?id=1103843631","media":"Seekingalpha","summary":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soa","content":"<html><head></head><body><h3>Summary</h3><ul><li>Apple Inc.’s shares have dropped into a new down-leg lately.</li><li>Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.</li><li>EPS and revenue estimate trends are now profoundly negative for Apple.</li></ul><p>Shares of <a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a> skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4&#39;22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!</p><h3><img src=\"https://static.tigerbbs.com/b27e0db018a996aab7a78534b4825d78\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Fragile market setup likely lead to weak top line growth for Apple in FQ1’23</h3><p>According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.</p><p><img src=\"https://static.tigerbbs.com/df16e5efe30c9cfbd5d833db7df07b41\" tg-width=\"640\" tg-height=\"439\" referrerpolicy=\"no-referrer\"/>Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.</p><p><img src=\"https://static.tigerbbs.com/d305e8ea0c7ade53f5c02ce339bc2b3f\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple&#39;s valuation going forward.</p><p>Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.</p><h3>Muted growth expectations: analysts don&#39;t expect much from Apple in FY 2023</h3><p>Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China&#39;s reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.</p><p><img src=\"https://static.tigerbbs.com/b6f978e36e1a1fbbb1a8ae487d56241d\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple&#39;s estimate trend could get worse in Q1’23.</p><h3><img src=\"https://static.tigerbbs.com/732a8ccebfae0c061e885b67f2efa8f6\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Stock buybacks and Apple’s valuation</h3><p>Stock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.</p><p><img src=\"https://static.tigerbbs.com/33c69341fdfbb78adf1f155a5661473a\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/>Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don&#39;t believe that Apple is especially cheap.</p><h3><img src=\"https://static.tigerbbs.com/6c137f41be9d5e64ddf766ce70287b6c\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Final thoughts</h3><p>Apple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Don't Buy A Falling Knife</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Don't Buy A Falling Knife\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-06 21:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends ...</p>\n\n<a href=\"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103843631","content_text":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends are now profoundly negative for Apple.Shares of Apple Inc. skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4'22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!Fragile market setup likely lead to weak top line growth for Apple in FQ1’23According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple's valuation going forward.Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.Muted growth expectations: analysts don't expect much from Apple in FY 2023Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China's reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple's estimate trend could get worse in Q1’23.Stock buybacks and Apple’s valuationStock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don't believe that Apple is especially cheap.Final thoughtsApple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9959276954,"gmtCreate":1673014584279,"gmtModify":1676538769770,"author":{"id":"4112855949003692","authorId":"4112855949003692","name":"kong1509","avatar":"https://community-static.tradeup.com/news/5c7779ca51cd488037d326183dfd5994","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959276954","repostId":1103843631,"repostType":4,"repost":{"id":"1103843631","pubTimestamp":1673012650,"share":"https://www.laohu8.com/m/news/1103843631?lang=&edition=full","pubTime":"2023-01-06 21:44","market":"us","language":"en","title":"Apple: Don't Buy A Falling Knife","url":"https://stock-news.laohu8.com/highlight/detail?id=1103843631","media":"Seekingalpha","summary":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soa","content":"<html><head></head><body><h3>Summary</h3><ul><li>Apple Inc.’s shares have dropped into a new down-leg lately.</li><li>Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.</li><li>EPS and revenue estimate trends are now profoundly negative for Apple.</li></ul><p>Shares of <a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a> skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4&#39;22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!</p><h3><img src=\"https://static.tigerbbs.com/b27e0db018a996aab7a78534b4825d78\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Fragile market setup likely lead to weak top line growth for Apple in FQ1’23</h3><p>According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.</p><p><img src=\"https://static.tigerbbs.com/df16e5efe30c9cfbd5d833db7df07b41\" tg-width=\"640\" tg-height=\"439\" referrerpolicy=\"no-referrer\"/>Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.</p><p><img src=\"https://static.tigerbbs.com/d305e8ea0c7ade53f5c02ce339bc2b3f\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple&#39;s valuation going forward.</p><p>Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.</p><h3>Muted growth expectations: analysts don&#39;t expect much from Apple in FY 2023</h3><p>Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China&#39;s reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.</p><p><img src=\"https://static.tigerbbs.com/b6f978e36e1a1fbbb1a8ae487d56241d\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple&#39;s estimate trend could get worse in Q1’23.</p><h3><img src=\"https://static.tigerbbs.com/732a8ccebfae0c061e885b67f2efa8f6\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Stock buybacks and Apple’s valuation</h3><p>Stock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.</p><p><img src=\"https://static.tigerbbs.com/33c69341fdfbb78adf1f155a5661473a\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/>Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don&#39;t believe that Apple is especially cheap.</p><h3><img src=\"https://static.tigerbbs.com/6c137f41be9d5e64ddf766ce70287b6c\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Final thoughts</h3><p>Apple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Don't Buy A Falling Knife</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Don't Buy A Falling Knife\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-06 21:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends ...</p>\n\n<a href=\"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103843631","content_text":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends are now profoundly negative for Apple.Shares of Apple Inc. skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4'22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!Fragile market setup likely lead to weak top line growth for Apple in FQ1’23According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple's valuation going forward.Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.Muted growth expectations: analysts don't expect much from Apple in FY 2023Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China's reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple's estimate trend could get worse in Q1’23.Stock buybacks and Apple’s valuationStock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don't believe that Apple is especially cheap.Final thoughtsApple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9959278291,"gmtCreate":1673014531013,"gmtModify":1676538769754,"author":{"id":"4094906971334360","authorId":"4094906971334360","name":"henglaw","avatar":"https://community-static.tradeup.com/news/7af102d7792625d4e5687447a943269e","vip":1,"crmLevel":3,"crmLevelSwitch":1},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959278291","repostId":1103843631,"repostType":2,"repost":{"id":"1103843631","pubTimestamp":1673012650,"share":"https://www.laohu8.com/m/news/1103843631?lang=&edition=full","pubTime":"2023-01-06 21:44","market":"us","language":"en","title":"Apple: Don't Buy A Falling Knife","url":"https://stock-news.laohu8.com/highlight/detail?id=1103843631","media":"Seekingalpha","summary":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soa","content":"<html><head></head><body><h3>Summary</h3><ul><li>Apple Inc.’s shares have dropped into a new down-leg lately.</li><li>Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.</li><li>EPS and revenue estimate trends are now profoundly negative for Apple.</li></ul><p>Shares of <a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a> skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4&#39;22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!</p><h3><img src=\"https://static.tigerbbs.com/b27e0db018a996aab7a78534b4825d78\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Fragile market setup likely lead to weak top line growth for Apple in FQ1’23</h3><p>According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.</p><p><img src=\"https://static.tigerbbs.com/df16e5efe30c9cfbd5d833db7df07b41\" tg-width=\"640\" tg-height=\"439\" referrerpolicy=\"no-referrer\"/>Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.</p><p><img src=\"https://static.tigerbbs.com/d305e8ea0c7ade53f5c02ce339bc2b3f\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple&#39;s valuation going forward.</p><p>Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.</p><h3>Muted growth expectations: analysts don&#39;t expect much from Apple in FY 2023</h3><p>Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China&#39;s reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.</p><p><img src=\"https://static.tigerbbs.com/b6f978e36e1a1fbbb1a8ae487d56241d\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple&#39;s estimate trend could get worse in Q1’23.</p><h3><img src=\"https://static.tigerbbs.com/732a8ccebfae0c061e885b67f2efa8f6\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Stock buybacks and Apple’s valuation</h3><p>Stock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.</p><p><img src=\"https://static.tigerbbs.com/33c69341fdfbb78adf1f155a5661473a\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/>Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don&#39;t believe that Apple is especially cheap.</p><h3><img src=\"https://static.tigerbbs.com/6c137f41be9d5e64ddf766ce70287b6c\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Final thoughts</h3><p>Apple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Don't Buy A Falling Knife</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Don't Buy A Falling Knife\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-06 21:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends ...</p>\n\n<a href=\"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103843631","content_text":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends are now profoundly negative for Apple.Shares of Apple Inc. skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4'22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!Fragile market setup likely lead to weak top line growth for Apple in FQ1’23According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple's valuation going forward.Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.Muted growth expectations: analysts don't expect much from Apple in FY 2023Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China's reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple's estimate trend could get worse in Q1’23.Stock buybacks and Apple’s valuationStock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don't believe that Apple is especially cheap.Final thoughtsApple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9959219197,"gmtCreate":1672994235520,"gmtModify":1676538767348,"author":{"id":"3582668988155006","authorId":"3582668988155006","name":"MengKeng","avatar":"https://static.tigerbbs.com/daf999525f61ba41d3c13b0ed728eb77","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"wait for the apple to fall lower, hehe","listText":"wait for the apple to fall lower, hehe","text":"wait for the apple to fall lower, hehe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959219197","repostId":1103843631,"repostType":4,"repost":{"id":"1103843631","pubTimestamp":1673012650,"share":"https://www.laohu8.com/m/news/1103843631?lang=&edition=full","pubTime":"2023-01-06 21:44","market":"us","language":"en","title":"Apple: Don't Buy A Falling Knife","url":"https://stock-news.laohu8.com/highlight/detail?id=1103843631","media":"Seekingalpha","summary":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soa","content":"<html><head></head><body><h3>Summary</h3><ul><li>Apple Inc.’s shares have dropped into a new down-leg lately.</li><li>Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.</li><li>EPS and revenue estimate trends are now profoundly negative for Apple.</li></ul><p>Shares of <a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a> skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4&#39;22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!</p><h3><img src=\"https://static.tigerbbs.com/b27e0db018a996aab7a78534b4825d78\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Fragile market setup likely lead to weak top line growth for Apple in FQ1’23</h3><p>According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.</p><p><img src=\"https://static.tigerbbs.com/df16e5efe30c9cfbd5d833db7df07b41\" tg-width=\"640\" tg-height=\"439\" referrerpolicy=\"no-referrer\"/>Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.</p><p><img src=\"https://static.tigerbbs.com/d305e8ea0c7ade53f5c02ce339bc2b3f\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple&#39;s valuation going forward.</p><p>Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.</p><h3>Muted growth expectations: analysts don&#39;t expect much from Apple in FY 2023</h3><p>Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China&#39;s reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.</p><p><img src=\"https://static.tigerbbs.com/b6f978e36e1a1fbbb1a8ae487d56241d\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple&#39;s estimate trend could get worse in Q1’23.</p><h3><img src=\"https://static.tigerbbs.com/732a8ccebfae0c061e885b67f2efa8f6\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Stock buybacks and Apple’s valuation</h3><p>Stock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.</p><p><img src=\"https://static.tigerbbs.com/33c69341fdfbb78adf1f155a5661473a\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/>Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don&#39;t believe that Apple is especially cheap.</p><h3><img src=\"https://static.tigerbbs.com/6c137f41be9d5e64ddf766ce70287b6c\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Final thoughts</h3><p>Apple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Don't Buy A Falling Knife</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Don't Buy A Falling Knife\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-06 21:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends ...</p>\n\n<a href=\"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103843631","content_text":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends are now profoundly negative for Apple.Shares of Apple Inc. skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4'22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!Fragile market setup likely lead to weak top line growth for Apple in FQ1’23According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple's valuation going forward.Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.Muted growth expectations: analysts don't expect much from Apple in FY 2023Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China's reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple's estimate trend could get worse in Q1’23.Stock buybacks and Apple’s valuationStock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don't believe that Apple is especially cheap.Final thoughtsApple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9959234895,"gmtCreate":1672993222218,"gmtModify":1676538767223,"author":{"id":"4101955883486630","authorId":"4101955883486630","name":"Thalos","avatar":"https://community-static.tradeup.com/news/55ba87139db7cd8dd783879dbd6ed4c5","vip":1,"crmLevel":9,"crmLevelSwitch":1},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9959234895","repostId":1103843631,"repostType":4,"repost":{"id":"1103843631","pubTimestamp":1673012650,"share":"https://www.laohu8.com/m/news/1103843631?lang=&edition=full","pubTime":"2023-01-06 21:44","market":"us","language":"en","title":"Apple: Don't Buy A Falling Knife","url":"https://stock-news.laohu8.com/highlight/detail?id=1103843631","media":"Seekingalpha","summary":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soa","content":"<html><head></head><body><h3>Summary</h3><ul><li>Apple Inc.’s shares have dropped into a new down-leg lately.</li><li>Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.</li><li>EPS and revenue estimate trends are now profoundly negative for Apple.</li></ul><p>Shares of <a href=\"https://laohu8.com/S/AAPL\">Apple Inc.</a> skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4&#39;22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!</p><h3><img src=\"https://static.tigerbbs.com/b27e0db018a996aab7a78534b4825d78\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Fragile market setup likely lead to weak top line growth for Apple in FQ1’23</h3><p>According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.</p><p><img src=\"https://static.tigerbbs.com/df16e5efe30c9cfbd5d833db7df07b41\" tg-width=\"640\" tg-height=\"439\" referrerpolicy=\"no-referrer\"/>Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.</p><p><img src=\"https://static.tigerbbs.com/d305e8ea0c7ade53f5c02ce339bc2b3f\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\"/>Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple&#39;s valuation going forward.</p><p>Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.</p><h3>Muted growth expectations: analysts don&#39;t expect much from Apple in FY 2023</h3><p>Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China&#39;s reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.</p><p><img src=\"https://static.tigerbbs.com/b6f978e36e1a1fbbb1a8ae487d56241d\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple&#39;s estimate trend could get worse in Q1’23.</p><h3><img src=\"https://static.tigerbbs.com/732a8ccebfae0c061e885b67f2efa8f6\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Stock buybacks and Apple’s valuation</h3><p>Stock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.</p><p><img src=\"https://static.tigerbbs.com/33c69341fdfbb78adf1f155a5661473a\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/>Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don&#39;t believe that Apple is especially cheap.</p><h3><img src=\"https://static.tigerbbs.com/6c137f41be9d5e64ddf766ce70287b6c\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"/>Final thoughts</h3><p>Apple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Don't Buy A Falling Knife</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Don't Buy A Falling Knife\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-06 21:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends ...</p>\n\n<a href=\"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4568092-apple-dont-buy-a-falling-knife","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103843631","content_text":"SummaryApple Inc.’s shares have dropped into a new down-leg lately.Weakening consumer demand and soaring COVID-19 infection could drive Apple’s shares to further lows.EPS and revenue estimate trends are now profoundly negative for Apple.Shares of Apple Inc. skidded to a new 1-year low on Tuesday due to growing concerns about the impact of rising Covid-19 infections in China as well as potentially weakening demand for consumer electronics in 2023. Concerns over softening consumer demand are linked to an accelerating decline of device shipments in Q3’22, lower expected iPhone shipments in Q4'22 and uncertainty surrounding China’s economic reopening. Apple’s EPS and revenue estimate trends are negative and the market now expects Apple to see weak growth in FY 2023. With risks to consumer demand growing, investors buying the pullback too early risk buying a falling knife!Fragile market setup likely lead to weak top line growth for Apple in FQ1’23According to data compiled by Gartner, a consulting company, worldwide PC shipments declined 19.5% in the third-quarter with major OEMs, including Apple, seeing considerable volume declines in the PC, laptop and mobile device segments. Apple’s device shipments declined 15.6% year-over-year in Q3’22 and most major manufacturers saw steep, double-digit volume declines in shipments as well.Gartner hasn’t released its estimate for Q4’22 global device shipments yet, but chances are that the numbers are not going to look great due to high inflation, weakening consumer demand and high inventory levels in the industry. As a result, Apple’s revenue growth has started to slow down dramatically: in the September-quarter, Apple reported only an 8.1% increase in revenues to $90.1B with hardware growth especially slowing down hard.Trendforce, a market intelligence provider, estimates that slowing demand as well as labor shortages in China could result in a 22% year over year decline in iPhone shipments in Q1’23. The iPhones segment is the largest business for Apple, responsible for 47.3% of net revenues in the last quarter, and a slowdown in this business is likely to have an outsized impact on Apple's valuation going forward.Back in November 2022, Bloomberg already reported that Apple overestimated iPhone demand. Apple reacted to cooling demand for the iPhone 14 and was said to expect to produce 87M iPhones in 2022, 3M iPhones less than initially expected.Muted growth expectations: analysts don't expect much from Apple in FY 2023Apple is going to report earnings for its first fiscal quarter of FY 2023 on February 2, 2023 and the estimate trend indicates that analyst are increasingly bearish on the company’s growth prospects. In the last 90 days, EPS estimates for Apple’s FY 2023 have declined consistently due to growing worries about China's reopening prospects and down-ward EPS revisions outmatch up-ward EPS revisions by a ratio of 37:2. For FY 2023, analyst expect only 1.2% EPS growth for Apple.The picture doesn’t look much better for Apple’s revenue estimate trend: Analysts now expect Apple to grow its top line only 2.7% in FY 2023 to $404.9B. If the reopening in China does not go well and COVID-19 infections continue to soar, I believe that Apple's estimate trend could get worse in Q1’23.Stock buybacks and Apple’s valuationStock buybacks could make a difference for Apple in light of increasing down-side risks and also help stabilize the stock in an increasingly unpredictable operating environment. Apple has a history of financing generous stock buybacks. In the fourth-quarter, Apple repurchased $25.2B of its shares in the market and buybacks in FY 2022 totaled $84.2B. With Apple’s stock making a new 1-year low this week (and the valuation becoming more attractive), stock buybacks now make more sense than at any time in the last year.Apple has lost about 30% of its value in the last year and the company’s market cap most recently dipped below $2T. Based off of earnings, Apple is trading at a forward P/E ratio of 18.7 X which is 24% below its 1-year P/E ratio. Given that Apple is expected to grow its EPS just about 1% this year, I don't believe that Apple is especially cheap.Final thoughtsApple currently has all the hallmarks of a falling knife: (1) The stock recently slumped to a new 1-year low, (2) Negative sentiment overhang has been created as reflected in declining EPS and revenue estimates, and (3) Consumer spending headwinds in a high-inflation world strongly indicate that Apple’s stock has further to fall. While shares of Apple have become much cheaper lately, the operating environment is challenged and it could get worse if device shipment estimates indicate that the down-turn in the consumer electronics market accelerated in the fourth-quarter. Although stock buybacks could help Apple offset weakness in operating conditions, the overall setup indicates that Apple is going to see a revaluation to the down-side!","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":112,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}