Apple earnings What do the iPhone production reports really mean Article_Normal HEAD TOPICS

Apple earnings What do the iPhone production reports really mean

10/22/2022 2:12:00 AM

Apple Inc executives said last quarter that they had yet to see economic pressures impact consumer demand for the iPhone but investors are going to need

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Apple executives said last quarter that they had yet to see economic pressures impact consumer demand for the iPhone, but investors are going to need more convincing this time around. Here’s what to watch for in the company’s fiscal fourth-quarter report. Apple Inc executives said last quarter that they had yet to see economic pressures impact consumer demand for the iPhone but investors are going to need Read: Apple’s rumored production cutback ‘overshadows the underlying story’ of strong iPhone 14 Pro demandforward guidance/commentary is,” Bernstein analyst Toni Sacconaghi wrote ahead of Apple’s Oct. 27 report. That seems especially the case in the current economic climate. Panic over possible production cuts appears at odds with other seemingly healthier demand indicators, according to Evercore ISI analyst Amit Daryanani. He noted that while lead times for the Pro-level models have come down internationally, they remained stable in the U.S. at about 25 days as of his Oct. 18 note to clients. The phones went on sale starting in September. Read more:
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Thousands of women are picking up part-time jobs at Starbucks to expand their families. Here's how the coffee giant is changing the lives of struggling couples. Read more >> Apple announces Fitness Plus will soon work without an Apple WatchStarting October 24, Apple Fitness Plus will start working without the need for an Apple Watch. Here's what you need to know. Dried Apple Hand Pies Recipe - Lisa DonovanThis Dried Apple Hand Pies recipe from Lisa Donovan gets its flavor from apple cider, dried apple slices, green cardamom, and lemon zest. Mercedes First to Get Dolby Atmos and Apple Music In-Car AudioDolby Atmos customizes the soundscape experienced by passengers, beyond what is possible with simple stereo. Apple increases the price of the iPad mini abroadThe price bump is likely in order to ensure that the new vanilla iPad remains the default entry-level iPad. BS Chief of War: Temuera Morrison Joins Jason Momoa in Apple TV+ SeriesTemuera Morrison has officially been tapped to join Jason Momoa in Apple TV+'s forthcoming historical drama Chief of War. The 4 new Apple TV Plus releases I'm excited to watch in NovemberA closer look at four exciting new Apple TV Plus new releases coming to the streaming service in November 2022. Apple Inc..All-purpose flour, for work surface 1 large egg, beaten 1 1/4 teaspoons granulated sugar Directions Stir together cider and apple slices in a medium-size oven-safe saucepan.By Oct 19, 2022 Mercedes-Benz Mercedes announced a new collaboration with Dolby Atmos, Apple Music, and Universal Music Group that aims to “revolutionize not only how music is created, but also how it’s played back and enjoyed in the car—and beyond. executives said last quarter that they had yet to see economic pressures impact consumer demand for the iPhone, but investors are going to need more convincing this time around. The consumer-electronics giant continues to be dogged by reports that executives are hemming production of new iPhones ahead of Thursday’s fiscal fourth-quarter earnings report, and that has fueled concerns about slackening demand for the expensive hardware in an inflationary climate. The news has been shared by Apple through a press release . While Apple AAPL, +2. Let cool.71% declined to raise prices on its latest iPhone models, their prices remain steep across the board, ranging from $799 for the cheapest iPhone 14 to $1,599 for the costliest iPhone 14 Pro Max. This update to Apple Fitness Plus will require users to update to iOS 16. There’s debate about what the reported production cuts actually mean. The system will be available on Maybachs and Mercedes, pumping out sound through 31 speakers, two bass shakers, and an 18-liter subwoofer in the trunk, all blasted through a Burmeister 4D sound system. One recent report, from The Information, said that Apple told “at least one manufacturer in China to immediately halt production of iPhone 14 Plus components” as the company reassesses the device’s demand. In addition to that, the service will introduce a new Artist Spotlight series feature music from Taylor Swift, a new workout program, Yoga for Every Runner, and more. Preheat oven to 400°F. Such a trend could signal spending pressure among lower-income customers who might typically opt for one of the base-level iPhones—or it could merely reflect the lack of meaningful feature improvements in those specific devices relative to the Pro models. Read: Apple’s rumored production cutback ‘overshadows the underlying story’ of strong iPhone 14 Pro demand Additionally, a Bloomberg News report from late September indicated that Apple was declining to go ahead with planned production increases for the iPhone 14 family as it instead targeted production levels similar to last year. We wanted the amazing impact of Fitness+ to reach iPhone users, and with special offers from partners like SilverSneakers, Target, and UnitedHealthcare, it’s easier than ever to get started on your health and fitness journey,” said Jay Blahnik, Apple’s vice president of Fitness Technologies. For Apple to produce only as many phones as it did last cycle would hardly be earth-shattering, but if the company did indeed recently adjust estimates, it could be seeing consumer-spending signals that have ramifications for the company’s broader portfolio. Reduce heat to medium-low; simmer, uncovered, stirring occasionally, until liquid is mostly absorbed, about 40 minutes. “Historically, Apple’s FY Q4 earnings results are not particularly important, but forward guidance/commentary is,” Bernstein analyst Toni Sacconaghi wrote ahead of Apple’s Oct.” With this change, iPhone users with an Apple Fitness Plus subscription will be able to enjoy the service in the 21 countries it is offered in. According to a recent survey, a more than 76% of car drivers say that having a realistic spatial sound is either ‘important’ or ‘rather important’ to them. 27 report. That seems especially the case in the current economic climate. For those users who own an Apple Watch, Fitness Plus will continue to “take their motivation to the next level” with personalized real-time metrics that display on iPhone, iPad, and Apple TV, as well as the ability to experience Time to Walk, Time to Run, and meditations with just their Apple Watch paired with Bluetooth-enabled headphones. Split vanilla bean pod lengthwise; scrape seeds into mixture. While Sacconaghi doesn’t think the company will provide traditional quantitative guidance — management has offered something more along the lines of “guidelines” since the pandemic began — he predicts that Apple’s “qualitative commentary around the demand environment may ultimately shape investor sentiment more.” Opinion: Tech earnings are about to dive, and there’s no life preserver in sight Panic over possible production cuts appears at odds with other seemingly healthier demand indicators, according to Evercore ISI analyst Amit Daryanani. The series dedicates an entire workout playlist to a single artist, and every Monday for three weeks, new workouts featuring music by Taylor Swift will appear across workout types including Core, Cycling, Dance, HIIT, Pilates, Rowing, Strength, Treadmill, and Yoga. He noted that while lead times for the Pro-level models have come down internationally, they remained stable in the U. Remove from oven; transfer mixture to a heatproof bowl. “It’s a treat to play it back the way the artist created it. S. Here’s how Apple explains this new series: Cross-training is essential to runners of all levels, as it may help improve speed and strength, and help prevent injury. at about 25 days as of his Oct. 18 note to clients. Inspired by Scott’s approach and integration of yoga, this program is designed to improve running posture, balance, and mobility. Unwrap pie dough disks, and transfer to a lightly floured work surface. The phones went on sale starting in September. “Demand has remained strong and is in stark contrast to recent concerns around a slowdown,” he wrote. Last but not least, Time to Walk will also introduced new episodes for Apple Fitness Plus subscribers, beginning with Hannah Waddingham. Further, Apple could be realizing higher average selling prices given the indications that Pro devices are selling better than the cheaper base-level ones. Arrange dough rounds evenly on 2 baking sheets lined with parchment paper. Here’s what to watch for in the company’s fiscal fourth-quarter report.”  This article talks about:. What to expect Earnings: Analysts tracked by FactSet expect Apple to post $1.27 a share in earnings for the September quarter, up from $1. Fold dough up and over filling; press lightly to seal edges.24 a share a year before. On Estimize — which crowdsources projections from hedge funds, academics, and others — the average estimate calls for $1.30 in earnings per share. Brush tops of pies lightly with remaining beaten egg; sprinkle evenly with granulated sugar (about 1/8 teaspoon each). Revenue: The FactSet consensus calls for $88.7 billion in revenue, up from $83.4 billion a year earlier. Bake pies in preheated oven until golden brown, 28 to 32 minutes. Those contributing to Estimize expect $88.6 billion on average. Analysts tracked by FactSet are looking for Apple to post $43. Cut 3 small (1/3-inch-long) vents in top of each pie.4 billion in iPhone revenue, up from $38.9 billion a year prior. They’re also looking for $7. TO BAKE FROM FROZEN: Preheat oven to 375°F.7 billion in iPad revenue and $9 billion in Mac revenue, both of which would mark declines from year-earlier figures. The company posted $8.3 billion in iPad revenue and $9. Proceed with Step 6 as directed.2 billion in Mac revenue during the same period in 2021. Analysts project $8.9 billion in wearables, home, and accessories revenue, up from $8.8 billion a year before. And they’re calling for services revenue to top $20 billion for the first time at $20.1 billion. Apple posted $18.3 billion in revenue for that category a year ago. Stock movement: Apple shares have gained after only three of the company’s past 10 earnings reports. The stock has fallen 19% so far this year, while the Dow Jones Industrial Average DJIA, +2.47%, which counts Apple as a component, has lost 17% and the S&P 500 index SPX, +2. 37% has declined 23%. Of the 41 analysts tracked by FactSet who cover Apple’s stock, 32 have buy ratings, seven have hold ratings, and two have sell ratings, with an average price target of $143.39. What else to watch for One key issue across earnings reports this cycle is the negative impact of the stronger U.S. dollar. While Apple’s management team predicted about three months back that foreign exchange could have a 600-basis-point negative impact on sales growth in the September, D.A. Davidson analyst Tom Forte notes that “the U.S. dollar strengthened against a basket of currencies that we believe are important to Apple” during the quarter. These include the British pound GBPUSD, +0.58%, the Canadian dollar USDCAD, -0.87%, the euro EURUSD, +0.78%, and the Japanese yen USDJPY, -1. 64%. He’ll be watching for signs of a “bigger-than-expected headwind from the strong U.S. dollar” when Apple posts results. Deep Dive: These 11 stocks can lead your portfolio’s rebound after the S&P 500 ‘earnings recession’ and a market bottom next year Morgan Stanley’s Erik Woodring is interested in the effects of an extra week in Apple’s December quarter. He noted that in fiscal 2017, the last time Apple had a 14-week holiday quarter, “both product and services grew at an above-seasonal rate given the extra holiday week included in the month of December.” Consensus estimates may not fully reflect the potential for Apple to benefit from this dynamic. In general, he sees controversy on Wall Street over how Apple’s December quarter will play out, which is why the company’s “directional” outlook for the period will be “critical” in his view. Woodring will also be watching for expectations on the services trajectory in the December period, “although most investors are aligned that services revenue growth should accelerate” in this quarter. See also: Apple introduces new iPad and iPad Pro with speed enhancements Barclays analyst Tim Long thinks Apple’s iPad and Mac categories can beat expectations for the latest quarter, driven in part by improved supply. The computer business also benefits from shipments of new M2 Macs. He’s less upbeat about results for the service and wearables categories, noting that the “App Store continues to weaken,” partly due to macroeconomic issues but also as a result of regulatory pressure in China. For the wearables business, he says that such products “are viewed as more discretionary and have more macro sensitivity.” .