Analysts expect Apple to post its first revenue decline – however slight

Apple studies December quarter earnings on Thursday, and analysts expect the corporate to post its first revenue decline – however slight it might be – since 2019.

Kif Leswing for CNBC:

The firm couldn’t construct sufficient of its excessive-finish iPhones when its main meeting facility in China was shut down for weeks throughout covid lockdowns.

Apple gave a uncommon warning to traders that month explaining that manufacturing points would lead to decrease shipments than “previously expected.” It was a knowledge level that precipitated many analysts watching the inventory to reduce their estimates.

“We believe the peak impact of the disruptions was felt in early to mid November as wait times hit an extreme level (link) as the wait time in the US for the 14 Pro and 14 Pro Max reached 34 days while wait time in China at the high-end hit 36 days,” UBS analyst David Vogt wrote in January.

Analysts polled by Refinitiv expect Apple to report simply over $121 billion in revenue within the December quarter, which might be a slight decline from the corporate’s $123.9 billion from a yr in the past.

MacDailyNews Take: For Apple’s vacation 2022 quarter, it’s not a requirement challenge, it’s a provide challenge – as a result of someone painted Apple right into a CCP-managed nook and started to attempt to extricate the corporate from its lure manner too late. At least that effort has lastly begun in earnest.

It’s sensible for each Apple and Foxconn to diversify meeting exterior of China. There’s no sense having your whole eggs in a single basket. — MacDailyNews, April 2, 2019

India will assist energy Apple’s development for a few years. – MacDailyNews, January 4, 2017

MacDailyNews Note: As at all times, we’ll have Apple’s earnings outcomes for you on the twenty seventh proper after market shut (1:30 p.m. PDT / 4:30 p.m. EDT) and observe that with reside notes from Apple’s Q422 convention name.

Here’s what Wall Street is anticipating for Apple’s Q123 (calendar Q422), in accordance to Refinitiv consensus estimates:
• Revenue: $121.19 billion
• Earnings per share: $1.94 per share
• iPhone revenue: $68.29 billion
• Mac revenue: $9.63 billion
• iPad revenue: $7.76 billion
• Other merchandise revenue: $15.26 billion
• Services revenue: $20.67 billion

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