Apple: Cracks Appearing?

seekingalpha2022-04-12

SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...

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Comment（29）

Jess261
·2022-04-12
Okay
Reply
Like
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Willo88
·2022-04-12
Still ppl will buy WW due to great quality products. Better buy at 165 before we shoot up back to 175 and above!!! [Miser]
Reply
3
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ABTSP
·2022-04-12
Still a profit company
Reply
4
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MSTAN
·2022-04-12
👌👌
Reply
3
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Andrewinho
·2022-04-12
Of course, it is a great business!!! 👏
Reply
3
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MengKeng
·2022-04-12
Let's monitor for a while first before buying, better this way
Reply
2
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romanc9
·2022-04-12
He comments may be right but did not really mentioned about Apple EV.. Also should consider overall earning and not individual products. A overall sales represents the company P/L not individual products.
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3
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GL90
·2022-04-12
Yes
Reply
1
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Andrewcms
·2022-04-12
Yes
Reply
1
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Aoyjai
·2022-04-12
Cracks appearing for DCA and dip buying.
Reply
4
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DingDongBell
·2022-04-12
When Apple takes a hit, there goes rest of the markets [Cry]
Reply
2
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Xalier
·2022-04-12
Wa
Reply
2
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MireyaMiya万亿丰
·2022-04-12
Apple car is ahead schedule . It is launching in September 2022.
Reply
1
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Kael.Foo
·2022-04-12
About time they are finally addressing the. Too high stock price.
Reply
1
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Kopred
·2022-04-12
Nice
Reply
1
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Boink
·2022-04-12
Liks pls
Reply
1
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Hayz
·2022-04-12
Apple is naturally diversified....in products, in geographic locations, etc, etc, best buy the dip stock
Reply
5
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Jasonbehr87
·2022-04-12
Well. Aapl is still so so much more affordable compared to lots like Alphabet... or amazon... or tesla.... do what say u?
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3
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Tiger7989
·2022-04-12
OK dump
Reply
2
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Daviistoh
·2022-04-12
Bye
Reply
3
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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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","article_id":"1166754456","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","pubTimestamp":1649733938,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AAPL":"苹果"},"translate_title":"苹果：裂缝出现了？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":0.9},"content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9017836573,"gmtCreate":1649763681216,"gmtModify":1676534568010,"author":{"id":"3586490638953193","authorId":"3586490638953193","name":"Jess261","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3586490638953193","authorIdStr":"3586490638953193"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017836573","repostId":1166754456,"repostType":4,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017176762,"gmtCreate":1649760921944,"gmtModify":1676534567211,"author":{"id":"3576763566599300","authorId":"3576763566599300","name":"Willo88","avatar":"https://static.tigerbbs.com/ab8eadcec76775a47ed6df4fb60b530d","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":4,"crmLevelSwitch":0,"idStr":"3576763566599300","authorIdStr":"3576763566599300"},"htmlText":"Still ppl will buy WW due to great quality products. Better buy at 165 before we shoot up back to 175 and above!!!&nbsp;[Miser]&nbsp;","listText":"Still ppl will buy WW due to great quality products. Better buy at 165 before we shoot up back to 175 and above!!!&nbsp;[Miser]&nbsp;","text":"Still ppl will buy WW due to great quality products. Better buy at 165 before we shoot up back to 175 and above!!! [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017176762","repostId":1166754456,"repostType":2,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017361925,"gmtCreate":1649746822892,"gmtModify":1676534563509,"author":{"id":"4106047049581230","authorId":"4106047049581230","name":"ABTSP","avatar":"https://community-static.tradeup.com/news/0fbc5352319da6df66a23c2d740d650b","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4106047049581230","authorIdStr":"4106047049581230"},"htmlText":"Still a profit company","listText":"Still a profit company","text":"Still a profit company","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017361925","repostId":1166754456,"repostType":4,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017363850,"gmtCreate":1649746691480,"gmtModify":1676534563484,"author":{"id":"4089461104605170","authorId":"4089461104605170","name":"MSTAN","avatar":"https://static.itradeup.com/news/1d0ff53a35c30afecbd1fa0c5ed59f07","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4089461104605170","authorIdStr":"4089461104605170"},"htmlText":"👌👌","listText":"👌👌","text":"👌👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017363850","repostId":1166754456,"repostType":4,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017387385,"gmtCreate":1649746080273,"gmtModify":1676534563419,"author":{"id":"3581563418944392","authorId":"3581563418944392","name":"Andrewinho","avatar":"https://static.tigerbbs.com/3127e2bc40ab23064a5187a00a63e19b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581563418944392","authorIdStr":"3581563418944392"},"htmlText":"Of course, it is a great business!!! 👏","listText":"Of course, it is a great business!!! 👏","text":"Of course, it is a great business!!! 👏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017387385","repostId":1166754456,"repostType":4,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017384135,"gmtCreate":1649745992871,"gmtModify":1676534563395,"author":{"id":"3582668988155006","authorId":"3582668988155006","name":"MengKeng","avatar":"https://static.tigerbbs.com/daf999525f61ba41d3c13b0ed728eb77","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3582668988155006","authorIdStr":"3582668988155006"},"htmlText":"Let's monitor for a while first before buying, better this way","listText":"Let's monitor for a while first before buying, better this way","text":"Let's monitor for a while first before buying, better this way","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017384135","repostId":1166754456,"repostType":4,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017316406,"gmtCreate":1649744274256,"gmtModify":1676534562971,"author":{"id":"4102495020619380","authorId":"4102495020619380","name":"romanc9","avatar":"https://static.tigerbbs.com/76bfe37245defa055adfff7453f1520f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"4102495020619380","authorIdStr":"4102495020619380"},"htmlText":"He comments may be right but did not really mentioned about Apple EV.. Also should consider overall earning and not individual products. A overall sales represents the company P/L not individual products.&nbsp;","listText":"He comments may be right but did not really mentioned about Apple EV.. Also should consider overall earning and not individual products. A overall sales represents the company P/L not individual products.&nbsp;","text":"He comments may be right but did not really mentioned about Apple EV.. Also should consider overall earning and not individual products. A overall sales represents the company P/L not individual products.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017316406","repostId":1166754456,"repostType":2,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017316508,"gmtCreate":1649744270511,"gmtModify":1676534562979,"author":{"id":"3574814391961610","authorId":"3574814391961610","name":"GL90","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574814391961610","authorIdStr":"3574814391961610"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017316508","repostId":1166754456,"repostType":4,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017316239,"gmtCreate":1649744255147,"gmtModify":1676534562979,"author":{"id":"4098421504436010","authorId":"4098421504436010","name":"Andrewcms","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"idStr":"4098421504436010","authorIdStr":"4098421504436010"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017316239","repostId":1166754456,"repostType":2,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017313802,"gmtCreate":1649743969174,"gmtModify":1676534562906,"author":{"id":"3578371382142637","authorId":"3578371382142637","name":"Aoyjai","avatar":"https://static.tigerbbs.com/9dcf5c34602d2433f3133ca6c6fece6a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578371382142637","authorIdStr":"3578371382142637"},"htmlText":"Cracks appearing for DCA and dip buying.","listText":"Cracks appearing for DCA and dip buying.","text":"Cracks appearing for DCA and dip buying.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017313802","repostId":1166754456,"repostType":4,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017319399,"gmtCreate":1649743855653,"gmtModify":1676534562874,"author":{"id":"4100842504175990","authorId":"4100842504175990","name":"DingDongBell","avatar":"https://community-static.tradeup.com/news/f6325a6852862a4e7c3d0524ecedd2d5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4100842504175990","authorIdStr":"4100842504175990"},"htmlText":"When Apple takes a hit, there goes rest of&nbsp;the markets&nbsp;[Cry]&nbsp;","listText":"When Apple takes a hit, there goes rest of&nbsp;the markets&nbsp;[Cry]&nbsp;","text":"When Apple takes a hit, there goes rest of the markets [Cry]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017319399","repostId":1166754456,"repostType":2,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017310777,"gmtCreate":1649743845842,"gmtModify":1676534562866,"author":{"id":"3569445806394527","authorId":"3569445806394527","name":"Xalier","avatar":"https://static.tigerbbs.com/24f0858187f1785be0f6b9d132363a84","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":1,"idStr":"3569445806394527","authorIdStr":"3569445806394527"},"htmlText":"Wa","listText":"Wa","text":"Wa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017310777","repostId":1166754456,"repostType":4,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017334198,"gmtCreate":1649743527356,"gmtModify":1676534562794,"author":{"id":"3580082297864003","authorId":"3580082297864003","name":"MireyaMiya万亿丰","avatar":"https://community-static.tradeup.com/news/1124aa19e932df4e4bb55e398ab6f78a","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3580082297864003","authorIdStr":"3580082297864003"},"htmlText":"Apple car is ahead schedule . It is&nbsp;launching in September 2022.","listText":"Apple car is ahead schedule . It is&nbsp;launching in September 2022.","text":"Apple car is ahead schedule . It is launching in September 2022.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017334198","repostId":1166754456,"repostType":4,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017335336,"gmtCreate":1649743439363,"gmtModify":1676534562777,"author":{"id":"4101291059298450","authorId":"4101291059298450","name":"Kael.Foo","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4101291059298450","authorIdStr":"4101291059298450"},"htmlText":"About time they are finally addressing the. Too high stock price.&nbsp;","listText":"About time they are finally addressing the. Too high stock price.&nbsp;","text":"About time they are finally addressing the. Too high stock price.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017335336","repostId":1166754456,"repostType":2,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017398169,"gmtCreate":1649742043212,"gmtModify":1676534562418,"author":{"id":"4109737457446280","authorId":"4109737457446280","name":"Kopred","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4109737457446280","authorIdStr":"4109737457446280"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017398169","repostId":1166754456,"repostType":4,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017944995,"gmtCreate":1649739842219,"gmtModify":1676534561868,"author":{"id":"3584620238111631","authorId":"3584620238111631","name":"Boink","avatar":"https://static.tigerbbs.com/c209643e8a7d239ba24db30470811841","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3584620238111631","authorIdStr":"3584620238111631"},"htmlText":"Liks pls","listText":"Liks pls","text":"Liks pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017944995","repostId":1166754456,"repostType":4,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017982158,"gmtCreate":1649736605369,"gmtModify":1676534560873,"author":{"id":"3576709204489965","authorId":"3576709204489965","name":"Hayz","avatar":"https://static.tigerbbs.com/d87598e3b13004920f673918b320782e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3576709204489965","authorIdStr":"3576709204489965"},"htmlText":"Apple is naturally diversified....in products, in geographic locations, etc, etc, best buy the dip stock&nbsp;","listText":"Apple is naturally diversified....in products, in geographic locations, etc, etc, best buy the dip stock&nbsp;","text":"Apple is naturally diversified....in products, in geographic locations, etc, etc, best buy the dip stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017982158","repostId":1166754456,"repostType":4,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017986203,"gmtCreate":1649736561165,"gmtModify":1676534560858,"author":{"id":"4103506763858320","authorId":"4103506763858320","name":"Jasonbehr87","avatar":"https://static.tigerbbs.com/915e89a0e1413d7c94557bdff26294e6","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4103506763858320","authorIdStr":"4103506763858320"},"htmlText":"Well. Aapl is still so so much more affordable compared to lots like Alphabet... or amazon...&nbsp; or tesla.... do what say u?","listText":"Well. Aapl is still so so much more affordable compared to lots like Alphabet... or amazon...&nbsp; or tesla.... do what say u?","text":"Well. Aapl is still so so much more affordable compared to lots like Alphabet... or amazon... or tesla.... do what say u?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017986203","repostId":1166754456,"repostType":4,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017980424,"gmtCreate":1649735729865,"gmtModify":1676534560751,"author":{"id":"4106154086615460","authorId":"4106154086615460","name":"Tiger7989","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4106154086615460","authorIdStr":"4106154086615460"},"htmlText":"OK dump","listText":"OK dump","text":"OK dump","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017980424","repostId":1166754456,"repostType":4,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9017917557,"gmtCreate":1649735493108,"gmtModify":1676534560767,"author":{"id":"3576615106113162","authorId":"3576615106113162","name":"Daviistoh","avatar":"https://static.tigerbbs.com/5fa47c53322f21d8995790f695aa8e1c","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3576615106113162","authorIdStr":"3576615106113162"},"htmlText":"Bye","listText":"Bye","text":"Bye","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017917557","repostId":1166754456,"repostType":4,"repost":{"id":"1166754456","pubTimestamp":1649733938,"share":"https://ttm.financial/m/news/1166754456?lang=&edition=fundamental","pubTime":"2022-04-12 11:25","market":"us","language":"en","title":"Apple: Cracks Appearing?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166754456","media":"seekingalpha","summary":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market ","content":"<html><head></head><body>Summary<ul><li>Apple is starting to face cracks in consumer demand for smartphones and computers.</li><li>The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.</li><li>The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.</li></ul><img src=\"https://static.tigerbbs.com/0df38408ecc8ac591ed1b2b865a36f26\" tg-width=\"1536\" tg-height=\"1020\" referrerpolicy=\"no-referrer\"/>Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.<img src=\"https://static.tigerbbs.com/5a14cdf850c36be0234110c7e0e1b37d\" tg-width=\"990\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/>FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn&#39;t heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.<img src=\"https://static.tigerbbs.com/5e31dc970607d9ea25a0e1d79d3c744e\" tg-width=\"640\" tg-height=\"134\" referrerpolicy=\"no-referrer\"/>Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn&#39;t operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.<img src=\"https://static.tigerbbs.com/ebe15df70a5e3120a2a48328f7ba77e7\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"/>sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.<img src=\"https://static.tigerbbs.com/94eeac22a428aa50b5350c615b9968b0\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"/>sixcolorsOther areas such as Services won&#39;t see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn&#39;t actually been embraced by the stock market yet.The chip market isn&#39;t completely falling apart as the automotive market still can&#39;t meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can&#39;t fully meet chip demand.Elevated RisksThe risk isn&#39;t that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1&#39;22.<img src=\"https://static.tigerbbs.com/786346e421b42c4a3b1e1d4307bff8de\" tg-width=\"640\" tg-height=\"124\" referrerpolicy=\"no-referrer\"/>SA earnings estimatesIn essence, Apple analysts didn&#39;t expect fast growth and the company only matching analyst estimates won&#39;t warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won&#39;t materially add to revenues for years. The AR/VR device isn&#39;t likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn&#39;t corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.</body></html>","source":"seekingalpha","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: Cracks Appearing?</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: Cracks Appearing?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 11:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4500763-apple-cracks-appearing>seekingalpha</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nSummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are ...\n\n<a href=\"https://seekingalpha.com/article/4500763-apple-cracks-appearing\">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/4500763-apple-cracks-appearing","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166754456","content_text":"SummaryApple is starting to face cracks in consumer demand for smartphones and computers.The market continues to miss that analysts only forecast slow growth for the years ahead, and analysts are starting to cut those meager growth targets.The stock remains far too expensive at 28x EPS targets while being one of the few tech stocks still trading at all-time highs.Richard Villalonundefined undefined/iStock via Getty ImagesApple (NASDAQ:AAPL) still trades near all-time highs, yet logical signs of cracks are starting to appear to the business facade. The consensus estimates already point to limit growth and the Covid pull forwards alongwith recession fears are starting to turn into visible slowdowns. My investment thesis remains bearish on Apple until the stock price resets similar to just about every other stock in the market.FinVizWaning Consumer DemandApple relies heavily on consumer demand to fuel sales. The tech giant isn't heavily focused on corporate customers, and the recent warning from chips suppliers and analysts all point to the current market weakness coming from electronics and smartphone-related products bought by consumers.The biggest concern was the end of March warning from Apple supplier Taiwan Semiconductor Manufacturing Co.(TSM). Chairman Mark Liu suggested demand was slowing down in prime Apple markets such as smartphones and PCs. The chip manufacturer further suggested demand is especially weak in China, where Apple has the 3rd largest market by sales based on FY21 numbers.Apple FY21 earnings releaseThe biggest slowdown impact is likely in the lower-tier smartphones where Apple doesn't operate, but any lower demand in premium smartphones will hurt the tech giant. Remember, Apple saw substantial sales pull forward beyond smartphones, with Macs and iPad sales jumping to record sales levels for products struggling in previous periods to even grow.In total, sales surged in FY21 by a massive $91 billion to reach $366 billion. Historically, Apple has seen iPhone cycles pull forward demand, and the 5G iPhone released at the end of 2020 was such a scenario.The combined Mac and iPad revenue used for WFM and virtual school saw revenues surge from $47 billion in FY19 to $67 billion during FY21. Mac revenues likely saw a small boost from new M1 chips pushing up demand, but sales were a very strong $9 billion above FY19 levels for a company with no growth in the category going on 5 years.sixcolorsiPad revenue saw the biggest boost likely due to the demand to supplement virtual school demand for people lacking enough PCs at home. The category had seen demand plunge from FY13 peaks at $31 billion to only see Covid pull forward and push total sales to a record $32 billion.sixcolorsOther areas such as Services won't see any giveback, but the company faces headwinds in demand for Macs and iPads on top of potential flattish sales for iPhones. Any slowdown expectations hasn't actually been embraced by the stock market yet.The chip market isn't completely falling apart as the automotive market still can't meet demand and the high-performance computing and IoT sectors are riding trends beyond Covid pull forwards. After all, TSMC still can't fully meet chip demand.Elevated RisksThe risk isn't that Apple misses consensus analyst targets, but rather that the tech giant actually matches current weak growth targets. Most readers are probably tired of hearing this point, but nobody actually expected the tech giant to record fast growth over the next 4 years.The highest forecasted growth rates through FY25 is the 8.2% rate this fiscal year. The quarterly growth rates are set to dip to the 5% to 7% range for the next few years with Apple likely reporting the last double-digit growth in FQ1'22.SA earnings estimatesIn essence, Apple analysts didn't expect fast growth and the company only matching analyst estimates won't warrant the stock still trading at ~28x EPS estimates. The trend over the last month has been revenue estimates actually trending lower. The exact opposite of expectations has occurred after Apple reported a blowout December quarter where EPS grew a surprising 25%.JPMorgan analyst Samik Chatterjee just cut earnings estimates due to weak iPhone demand led by disappointing SE sales. The analyst even suggests high-end smartphone and laptop demand remains strong, but Mr. Chatterjee had to cut FY22 targets anyway.Remember, the key is that demand for existing products surged during Covid shutdowns, while the exciting new products pushing the stock up the last year won't materially add to revenues for years. The AR/VR device isn't likely to reach the market until FY23, and AVs have an even more questionable future, with sales not set to materially impact numbers until possibly FY26, at the earliest.TakeawayThe key investor takeaway is that Apple is starting to face an increasingly more difficult consumer demand environment and the stock hasn't corrected. The tech giant still trades at 28x EPS targets despite meager forecasted growth rates that analysts are starting to actually cut.Investors still have the time to sell Apple at the top unlike just about any other tech stock.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":178,"commentSize":29,"repostSize":0,"favoriteSize":4,"likeStatus":false,"favoriteStatus":false}}