KeyBanc Capital Markets analyst Brandon Nispel focuses on Apple’s (NASDAQ:AAPL) fiscal first-quarter results, due on January 30, on handset sales as the defining element for the results and the company’s near-term forecast.
Staying with his “underweight” rating and $200 price target, Nispel points out that Apple’s guidance might not satisfy market expectations even if it looks likely to match Wall Street’s earnings projections. He notes conflicting data trends; the corporation shows progress over the worse performance of last year but falls short of its usual seasonal performance.
With Apple sales up 2.1% to $71.2 billion, projections for the December quarter anticipate income at $124.33 billion, a 4% increase from the previous year. Nispel does draw attention to challenges including the absence of an AI-driven update cycle, an iPhone 16 ban in Indonesia, and Chinese competitive pressures, though.
Looking ahead, March-quarter iPhone sales could reach $48.11 billion, with Nispel warning that the iPhone SE might lower demand for the iPhone 16. Furthermore limited is growth in iPads, Macs, and wearables.
This article first appeared on GuruFocus.
EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email news@emeatribune.com Follow our WhatsApp verified Channel
