🔥Stock Prediction: How will Apple close Friday 4/8 following their earnings?
Click to vote. Guess how will $Apple(AAPL)$ close Friday 4/8 following their earnings?? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
$Apple(AAPL)$ is scheduled to release its fiscal third-quarter earnings report on Aug. 3, after the close of trading.
$Apple(AAPL)$ Q3 2023 earnings call will be held on 4 August 2023 at approximately at 5:00 SGT. To set a reminder, please click here
🔙 Latest Results
Sales of Apple Inc.’s iPhone rebounded in the fiscal second quarter, helping the world’s most valuable company top earnings estimates and weather an industrywide downturn that has battered much of its product lineup.
Overall revenue amounted to $94.8 billion, exceeding the $92.6 billion analysts predicted. The results suggest that Apple is beginning to recover from a slump that’s plagued both the computer and smartphone industries. Apple’s sales in China — a weak spot for other tech companies — also came in a bit better than expected.
💡What to Watch for in Meta’s Q2 Earnings
iPhone sales: iPhone is still the most important business at Apple. The firm was concerned about currency and macroeconomic headwinds in the June quarter, which may weigh on revenue, so we’ll be interested in the picture for demand in the near term. Global smartphones sell-through declined 8% YoY in Q2 2023.Counterpoint estimates that Apple’s sales slid 2% in the most recent quarter, but its market share rose to 17% because of continuing growth in demand for phones selling at $600 or more, recording its highest-ever Q2 market share.
Services revenue: Apple expected macroeconomic headwinds to weigh on digital advertising and gaming, but it’s possible the global economy was better than feared in recent months, so the company might be in good shape here. More importantly, we’ll want to see ongoing traction in paid subscriptions, as we like to see Apple users subscribe to more and more services, keeping them tied to the iOS ecosystem.
Artificial intelligence: Most tech companies are touting their AI efforts/opportunities or being pressed by investors on how AI will affect their businesses. AI is embedded within Apple’s products, such as Siri and predictive text. It’s unlikely that Apple will mention any new AI models on its earnings call. Still, we may hear more about the company’s investments to support AI, large language models, or its data centers in general.
For more information about Apple Earnings Preview, please click Apple Earnings Preview: Sales Likely to Be In Line; Macs May Surprise
💰Event Details
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⏰Event Duration
The deadline for this event is 21:00 on 4 August 2023
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How will Apple close Friday 4/8 following their earnings?(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
🌟🌟🌟The Bear is back as US stocks hit a Sell off mode today as a result of Fitch downgrading the US from AAA to AA +. I believe $Apple(AAPL)$
will drop after its earnings report today and voted Flat. Apple's share price closed down 1.55% at USD 192.58. It had a great run as it is up 54% year todate.
According to Refinitiv, Apple may report a 1.6% drop in total quarterly revenue, its steepest drop in 3rd quarter revenue since 2016. iPhone sales may fall more than 2% for the quarter amidst a slow down in global economy.
Nonetheless Wall Street Analysts are bullish on Apple with a Strong Buy Rating. Even though I am Bearish on Apple in the short term, I am definitely Bullish in the long term. Apple ticks all the hallmarks of a quality stock with strong core fundamentals, a rock solid balance sheet and a wide moat due to its brand and unique ecosystem.
As Warren Buffett likes to say it is time to be Greedy when there is Fear in the market.
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