Why One Analyst Is Concerned the Day Before Apple’s Earnings Report
Key points
- In the past nine months, Apple stocks have soared by about 40 %, and most analysts will issue “buy” or the same rating.
- However, OPPENHEIMER analysts have reduced the company on Wednesday and cut iPhone sales estimates in the next 12 to 18 months.
- Oppenheimer said that Apple is facing greater competition in China, and the introduction of Apple intelligence is overwhelmed.
Apple’s shares (AAPL) In the past nine months, it has soared by about 40 %, but an analyst said that it is time to hit the brakes before the company’s income report Settle on ThursdayEssence
Among the 16 analysts who are concerned about Apple and have been visible to Alpha, ten have a “buy” or the same score to the iPhone manufacturer and reach a consensus Price goal The price of about $ 246 is about 3 % premium iPhone The manufacturer’s late Wednesday was about $ 239.
Then there is OPPENHEIMER, downgrade apple The neutral “performance” rating on Wednesday has reduced the iPhone sales estimation in the next 12 to 18 months. Apple is facing the “double challenge” that increases competition Great China One Apple Smart The brokerage company said that launching is not enough to drive consumers to upgrade their equipment.
Worried about Apple’s Chinese sales
Worry about Apple Performance in China OPPENHEIMER reports that the water surface has surfaced in recent weeks, especially at technology research companies Canalys, showing that the iPhone Maker’s 2024 goods have fallen 17 % in 2024 goods in the country. In addition, due to China’s regulatory obstacles, the latest iPhone sold in China does not have Apple intelligence functions.
Apple is expected to report the first quarter of the first quarter after closing on Thursday. It can be seen that analysts tracked by Alpha expect that analysts (and other parts of Asia, excluding Japan) analysts will increase by 2 % year -on -year to US $ 31.65 billion.