Apple Mac Sales at Risk, Analyst Says. Here’s Why

Jul 12, 2022

https://liquidity-provider.com/app/uploads/2022/07/dizajn-bez-nazvaniya-11.png

An increasing number of people are worried that Apple's June quarter earnings report will reflect the consequences of both a decline in consumer spending on technological products and the ongoing supply-chain issues in China. Concerns are raised in particular regarding a turnaround in the business's recent strong sales of its Mac computer line.

KeyBanc analyst Brandon Nispel reiterated his Overweight rating on Apple shares (AAPL) on Tuesday, although he lowered his target price from $191 to $173. He reduced his revenue projections for the fiscal years ending in September 2022 and 2023 by approximately $10 billion and $14 billion to $388.5 billion and $408.5 billion. Additionally, he reduced his revenue projection for the year by about $4 billion to $80.7 billion, which is much less than the $82.6 billion expectation that the Street currently holds.

According to Nispel, the reduced estimates mostly expected hardware deterioration, particularly for Macs. He points out that over the last three years, sales volume in the June quarter has typically decreased by 6% sequentially from the March quarter, despite the current consensus expecting a decline of 19%. Although it shows the consensus anticipates a bad quarter, the analyst believes expectations may still be too high given the more challenging macroeconomic environment.

In recent trade, Apple shares were up 0.8 percent, trading at $145.96. The S&P 500 dropped by 0.8%.

The business estimates a $4 billion to $8 billion effect on sales from supply restrictions in the June quarter, "significantly bigger" than the impact in the prior quarter, Apple Chief Financial Officer Luca Maestri cautioned investors in a report on the company's performance for the March quarter. He said that there was some effect on consumer demand in China from Covid-related shutdowns. He projected a 1.5 percentage point blow from the suspension of sales in Russia, as well as a three percentage point headwind from unfavorable currency rates.

IDC and Gartner both offered pessimistic updates on PC sales for the June quarter on Monday. Worldwide PC shipments fell 15.3 percent in the third quarter, according to IDC, as a result of both decreased demand and persistent supply problems. The reduction, according to Gartner, was 12.6 percent, the biggest decrease in nine years. Intriguingly, the two reports on Apple's second-quarter shipments disagreed. According to Gartner, Apple delivered 6.4 million iPhones in the quarter, an increase of 9.3% over the same period last year. Regarding the two projections, Apple chose not to comment. Apple's market share was estimated by Gartner to be 8.8% and by IDC to be 6.7%.

IDC mobile device analyst Ryan Reith responded via email to Barron's inquiry over the apparent disparity by saying that his company had heard that Apple had set greater volume goals for the quarter but that "due to lockdowns and poor logistics, their volume was below target." In particular, June was a difficult month, he continued, "as volumes fell below objectives." For other suppliers, including Dell Technologies (DELL), HP Inc (HPQ), and Lenovo Group (0992. Hong Kong), the figures from Gartner and IDC were essentially the same.

Actually, Apple doesn't disclose any of its product's unit sales to the public. According to the current Street opinion, Apple will announce Mac revenue for the June quarter of $8.7 billion, up 5 percent sequentially from March but down 17 percent from a year ago.

Subscribe Our Newsletter

September Was Bad for Investors. What to Expect in October?
September Was Bad for Investors. What to Expect in October?

Reports on employment, inflation, and earnings could exacerbate market anxiety, and the midterm elections are just around the corner.

Stocks
What A Global Energy Crisis Means For North American Stocks
What A Global Energy Crisis Means For North American Stocks

American shale has dominated the marginal balance of global oil and gas supply growth for much of the last five years. American output reached all-time highs as recently as 2020, thanks to a persistent quest for expansion at any cost.

Banks and Finance
Liquidity Provider

Market Maker Vs Liquidity Provider: Key Differences
Let's find out what is a market maker, what is the role of liquidity provider, what are Tier 1 and Tier 2 liquidity providers and their differences.

discover
How to Start Investing In Crypto

Tamta

How to Start Investing In Crypto

In a world where digital transactions are becoming the norm, one phrase has lately become trendy: cryptocurrency.

Investing

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Alexander

    Is IUL a Good Investment Strategy? — A Guide for Beginner Investors

    Is IUL a Good Investment Strategy?

    Alexander

    Are Crypto Wallets Safe? — Tips to Ensure Maximum Protection of Your Digital Assets.

    Tips to Ensure Maximum Protection of Your Digital Assets

    Alexander

    Roth IRA Guide: What It Is and What You Need to Know.

    Roth IRA Guide: What It Is and What You Need to Know

    Alexander

    From Gold to Index Funds and Crypto: Where to Invest in 2023 for Long Term?

    From Gold to Index Funds and Crypto: Where to Invest in 2023

    Alexander

    Understanding Algorithmic Trading: A Guide for Beginners

    Understanding Algorithmic Trading: A Guide

    Alexander

    Stop Vs. Stop-Limit Order: How Do They Differ?

    Stop Vs. Stop-Limit Order: How Do They Differ

    Alexander

    Invest in the Intelligent Future: The Best AI Stock Market Leaders of 2023

    Invest in the Intelligent Future: The Best AI Stock Market Leaders of 2023

    Deborah Middleton

    How MEC Rules Can Impact Your Life Insurance Policy

    How MEC Rules Can Impact Your Life Insurance Policy.

    Deborah Middleton

    Navigating the Ethical Landscape of AI: Challenges and Solutions

    Navigating the Ethical Landscape of AI: Challenges and Solutions

    Deborah Middleton

    Managing Your Financials The Right Way – A Startup Guide 

    Managing Your Financials The Right Way - A Startup Guide

    Anna

    A Beginner Guide To The Crypto Analysis Tools.

    A Beginner Guide To The Crypto Analysis Tools.

    Anna

    A Brief Introduction to Scalping

    A Brief Introduction to Scalping.

    Anna

    How to Invest in Stocks: A Beginner’s Guide

    How to Invest in Stocks: A Beginner’s Guide

    Anna

    Tips On Finding Crypto Liquidity Providers In 2023

    Tips On Finding Crypto Liquidity Providers In 2023.

    Anna

    Forex Liquidity in 6 Questions and Tips on How to Become Successful in Trading

    Forex Liquidity in 6 Questions and Tips on How to Become Successful in Trading

    Anna

    A Brief and Comprehensive Guide to Spot Trading.

    A Brief and Comprehensive Guide to Spot Trading.

    Anna

    What is The Difference Between Liquidity Provider and Liquidity Aggregator?

    What is The Difference Between Liquidity Provider and Liquidity Aggregator?

    Tamta

    What Is SWIFT Banking System?

    What Is SWIFT Banking System?

    Tamta

    How Liquidity Providers Drive The Foreign Exchange Market

    How Liquidity Providers Drive The Foreign Exchange Market

    Tamta

    How to Start Investing In Crypto

    How to Start Investing In Crypto

    Tamta

    5 Best Crypto CFD Liquidity Providers 2023

    5 Best Crypto CFD Liquidity Providers 2023.

    Tamta

    The Power Of Liquidity For Crypto Exchanges

    The Power Of Liquidity For Crypto Exchanges

    Tamta

    Institutional Forex Liquidity Explained: Why Do We Need It?

    Institutional Forex Liquidity Explained: Why Do We Need It?

    Tamta

    What Is Return On Investment (ROI), And How Can You Calculate It?

    What Is Return On Investment (ROI), And How Can You Calculate It?
    Latest News - Liquidity Provider: Business & FinTech Media
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2023 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site.