Story of Big Tech Giant Apple Will Not Be About Growth This Time. However, Bulls Believe in The Opposite.

Aug 03, 2023

Story of Big Tech Giant Apple Will Not Be About Growth This Time.

Apple’s June quarter earnings report isn’t likely to be a growth story, and with the stock already up 50% year to date, there isn’t much room for mistakes.

However, the business’s legion of bullish analysts expect stronger growth ahead and forecast more increases for what is now the world’s most valuable corporation, with a market worth of $3.1 trillion.

  • Its Performance:

Thursday’s market closure will follow a report from the big tech Apple . Analysts anticipate it will report third fiscal quarter revenues of $81.9 billion, down around 1% from the second quarter, and a profit of $1.19 per share, down a penny from the same period last year.

FactSet estimates that the Street anticipates iPhone sales of $40.3 billion, down 1%, and Mac and iPad sales of $6.6 billion and $6.5 billion, respectively, down 10%. The sales sector is forecast to earn $8.3 billion in sales, up almost 4%, and $20.8 billion in services revenue, up 6%, which will offset these declines.

The performance of big tech giant Apple (AAPL) in its Asian landscape, which covers the mainland, Hong Kong, Taiwan, and Macau, will be a major indicator for the quarter. Revenue is expected to be $13.7 billion, a 7% decrease from last year. Revenue from the Americas is expected to be $38 billion, up 1.5% over the previous year.

Apple CFO Luca Maestri predicted that June sales would equal the March quarter, which saw a 2.5% year-over-year decline in revenue. Maestri anticipated that the exchange rate would have a four percentage point effect on revenues and that the services segment would continue to face macroeconomic challenges in digital advertising and gaming.

  • Major Profits:

The iPhone accounted for $205.5 billion of Apple’s $394.3 billion in total revenue for​fiscal 2022.

Big Tech Giant Apple

Analyst Harsh Kumar of Piper Sandler said in a research report published before the quarter that China handset concerns for Apple are a bit overblown. He is certain that the company’s earnings call will be well welcomed because of the resilience of the Chinese and iPhone divisions. On Monday, Kumar reaffirmed his Overweight rating and increased his target price from $180 to $220.

Due to “a clear uptick in demand around the key China region this quarter” for iPhones, Wedbush analyst Dan Ives predicts that big tech company Apple will post an equal-to-or-stronger quarter for iPhone revenue.

Subscribe Our Newsletter

Advanced Markets Reports Stronger Revenue And Mitigated Loss
Advanced Markets UK Reports Stronger Revenue And Mitigated Loss For 2020‎

Advanced Markets (UK) Limited, the UK trading arm of a multi-asset liquidity and prime-of-prime service provider, has released its annual report and year-end financial statements for the 12-month period ending December 31, 2020.

Stocks
How Much Will iPhone Cost After Tariffs?

Hazem

$3,000 for an iPhone? How Much Will iPhone Cost After Tariffs?

Apple is facing a critical challenge after the 145% import tax on Chinese imports, with speculations going around about how much will iPhone cost after tariffs.

Technology
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Anna

Forex Liquidity in 6 Questions and Tips on How to Become Successful in Trading
In today’s context, it is a well known fact that Foreign Exchange market (or Forex, or FX) is the largest and the most gainful financial market in the world. Its trading volume reaches over $6 trillion daily.

discover
What is a Liquidity Provider

Сonstantine

What is a Liquidity Provider? How LPs Work in Modern Financial Markets

Let's find out what a liquidity provider is and what to consider when choosing a reliable liquidity provider.

Liquidity
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiriesb2broker

    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

    Hazem

    MetaTrader vs cTrader: Which Trading Platform Shall You Choose?

    MetaTrader vs cTrader: The Full Breakdown

    Сonstantine

    Will Dogecoin Reach $1? Tokenomics and Price Analysis

    Will Dogecoin Reach 1 Dollar Analysis

    Сonstantine

    How to Get a Crypto Exchange License?

    How to Get Crypto Exchange License

    Сonstantine

    Best Crypto to Buy Now: Guide for Investors

    Best Crypto To Buy Now

    Hazem

    Grok vs ChatGPT: What’s the Best AI Assistant You Need in 2025

    Grok vs ChatGPT

    Сonstantine

    How to Choose the Right Liquidity Provider for Your Brokerage

    How to Choose the Right Liquidity Provider for Your Brokerage

    Сonstantine

    Low-Latency Trading Defined: Speed, Strategy and Technology

    Low-Latency Trading Explained

    Hazem

    How Liquidity Depth Affects Slippage in High-Volume Trading

    Liquidity depth and slippage in trading

    Hazem

    What is FIX API Liquidity Connection and How Does it Power Institutional Trading?

    FIX API in institutional trading

    Сonstantine

    OTC Trading Strategies and Technologies to Succeed in Over-the-Counter Markets

    OTC Trading Strategies

    Alexander

    What is OTC Trading? A Complete Guide for 2025

    what is OTC

    Alexander

    Synthetic Futures: A Trader’s Guide to Replicating Positions with Options

    How to Trade Synthetic Futures

    Сonstantine

    Order Book Depth: What It Is And Why It Matters?

    Order Book Depth What It is And Why It Matters

    Alexander

    Spot vs Perpetual Futures: Which Is Right for You?

    Spot vs Perpetual Futures explained

    Hazem

    5 Reasons Traders Are Switching to Perpetual Futures

    5 Reasons to Switch to Perpetual Futures

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • 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
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.