| To: handyman who wrote (209238) | 7/29/2020 11:22:53 AM | | From: NAG1 | | | | handyman,
Phillip Elmer Dewitt at ped30 has the listing of estimates from analysts here
ped30.com
Interesting that earnings are being reported tomorrow and nobody is talking much about them. It looks like earnings will be around 2 bucks a share for the quarter and analysts have an average estimate of around 2.8 buck a share for the 4th quarter. This is the first quarter with all time spent in the pandemic zone, at least for the US and Europe. Maybe China will be the savior of the quarter per your linked article. But since Apple gave no guidance and probably won't give guidance for the 4th quarter, all these are guesses. What will be considered disappointing news that will make the stock fall and what will be considered good news enough to make the stock go up from here? |
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| To: handyman who wrote (209238) | 7/29/2020 11:30:52 AM | | From: Art Bechhoefer | | | | The article you provided the link to notes that Apple increased unit sales by offering more discounts. That means very likely that profit margins per unit were reduced. It may or may not mean that total profits from iPhone sales in China were reduced or not. We don't know because Apple no longer segments its data to show areas of strength or weakness.
Similarly, we don't know whether improving sales and profits from Apple services and the Apple Watch might compensate for any weakness in iPhone profits. My own view is that, notwithstanding the excellent financial strength of the company, the prospects going forward don't justify the current price. We'll know a little more tomorrow, of course.
Art |
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