Categories AlphaGraphs, Analysis, Technology

Apple needs to clear many hurdles to push stock higher post Q3 earnings

Days after reporting a massive deal to acquire Intel Corp.’s (NASDAQ: INTC) smartphone modem business for $1 billion, Apple (NASDAQ: AAPL) is now scheduled to announce the third-quarter earnings.

In the first two quarters of this fiscal year, the tech giant had reported declines in total revenues, as customers remained unwilling to upgrade their iPhones for the sake of a few unimpressive tweaks.  

apple watch
(Image Courtesy: Alvaro Reyes/Unsplash)

Since iPhone accounts for more than half of its total revenues, investors would continue to focus on its sales trend, no matter how much the management tries to highlight the company’s strong growth elsewhere.

The first and foremost hurdle for Apple would be proving that iPhone growth has not stagnated. The street has very modest targets for this quarter, so for a strong company that Apple is, this should be an advantage.

Apple iPhone losing shine to Samsung in smartphone war

The street projects Q3 revenues to be $53.4 billion, compared to $53.27 billion last year. This represents a pretty narrow growth, or in another perspective, a borderline against a third straight year-over-year decline. Beating this hurdle won’t be easy, given the fact that this is Apple’s weakest cyclical quarter historically. Tough one! 

Weakness in iPhone sales will dent the bottom-line as well in the third quarter, which analysts peg at $2.10 per share. During the same quarter last year, the Cupertino, California-based firm had reported earnings of $2.34 per share. Apple has a remarkable history of beating earnings estimates, and has done so in all four of the trailing quarters.

Apple Products vs. Services Performance - 2Q19

Up next is the line of potential regulatory probes that could take place any time, at all major tech companies including Apple. Though the services segment has been showing tremendous growth for Apple, quickly adopting the role of a revenue driver, an anti-trust lawsuit could deeply hamper this rally.

All eyes on guidance and iPhone updates

Investors will be closely watching the guidance as the tech giant generally releases the latest version of iPhone in the month of September. The guidance will give the initial hints about how the company sees sales picking up following its product release.

The guidance will also give a cue on the potential impact of tariffs on the Mac Pro parts to be shipped from China, on which President Donald Trump had earlier refused a waiver.

READ: What Alphabet executives discussed during Q2 2019 earnings call

As per the hitherto leaks, the upcoming iPhone, now lovingly called iPhone 11, does not have any pathbreaking features, except for a third camera, for ultra-wide photographs. According to market observers, 5G adaptability is still a far-fetched idea.

It is unlikely that the management would divulge any further details about the product; they hardly do.

Still, investors and analysts will be trying to read between the lines during the earning conference calls, to carve out any tiny bit of detail that could possibly hint any what the upcoming handset would feel like.

apple q2 2019 earnings

Listen to on-demand earnings calls and hear how management responds to analysts’ questions

Most Popular

Micron Earnings Preview: Recovery likely to continue as demand bounces back

Micron Technology Inc. (NASDAQ: MU), a market leader in memory and flash storage chips, emerged from a losing streak in the most recent quarter and reported a profit. The recovery

After mixed Q4, Darden Restaurants stays focused on profitable sales growth

Darden Restaurants, Inc. (NYSE: DRI), which owns popular restaurant brands Olive Garden and LongHorn Steakhouse, has reported stronger-than-expected fourth-quarter results, sending the stock higher soon after the announcement. Contributions from

What to expect when McCormick & Company (MKC) reports Q2 2024 earnings results

Shares of McCormick & Company, Incorporated (NYSE: MKC) stayed green on Friday. The stock has dropped 4% over the past one month. The spices and condiments maker is scheduled to report


  1. Pingback: MINE FULL TRADER
  2. Pingback: twix
  3. Pingback: masturbation tips
  4. Pingback: clit vibrator
  5. Pingback: cake boxes in bulk
  6. Pingback: golden bullet
  7. Pingback: Glock 48
  8. Pingback:
  9. Pingback: learn more
  10. Pingback: Krt carts
  11. Pingback: junk car towing
  12. Pingback: CZ P10C
  13. Pingback: Weed Delivery
  14. Pingback: Google
  15. Pingback: cash for cars
  16. Pingback: escorts Delhi
  17. Pingback: penis pump reviews
  18. Pingback: thrusting rabbit
  19. Pingback: podcast canada
  20. Pingback: Platinum haupia
  21. Pingback: Watermelon haupia
  22. Pingback: Haupia strain
  23. Pingback: Bubble hash
  24. Pingback: Moroccan hash
  25. Pingback: Litto
  26. Pingback: Bubble hash
  27. Pingback: 1tragedy
  28. Pingback: University of Embu
  29. Pingback: MUT
  30. Pingback: ABCD 1
  31. Pingback: super car show
  32. Pingback: biruslot
  33. Pingback: qqslot228
  34. Pingback: coinbase
  35. Pingback: nail salon near me
  36. Pingback: rush skirts
  37. Pingback: f1 ferrari sainz
  38. Pingback: sa gaming
  39. Pingback: Indobetslot
  40. Pingback: banger vape
  41. Pingback: slot terpercaya
  42. Pingback: time slot meaning
  43. Pingback: gacor77
  44. Pingback: link vào vn88
  45. Pingback: PhD programmes
  46. Pingback: PhD Programmes
  47. Pingback: ghaziabad escorts
  48. Pingback: sms onay
  49. Pingback: steroid satın al
  50. Pingback: ozempic
  51. Pingback: hacklink
  52. Pingback: Pboot
  53. Pingback: penyerbukan bunga
  54. Pingback: Diyet Yolu
  55. Pingback: Moda Danışmanı
  56. Pingback: Yeni Başlayanlar
  57. Pingback: Opel Oto Çıkma
  58. Pingback: Blog
  59. Pingback: porno
  60. Pingback: Porn
  61. Pingback: yasam ayavefe
  62. Pingback: porno
  63. Pingback: sms onay
  64. Pingback: steroid
  65. Pingback: sms onay
  66. Pingback: anabolic kapında
  67. Pingback: forum
  68. Pingback: igaraporno
  69. Pingback: cinrripltaie
  70. Pingback: Kod Bulutu
  71. Pingback: Poliçe Paneli
  72. Pingback: www.sbobet mobile login
  73. Pingback: WINSTAR4D
  74. Pingback: Merahtoto rtp
  75. Pingback: Bandar togel pulsa
  76. Pingback: rajabandot login
  77. Pingback: SORTOTO RTP
  78. Pingback: Slot online free
  79. Pingback: toto12 daftar
  80. Pingback: toto macau
  81. Pingback: Kpktoto 88
  82. Pingback: link
  83. Pingback: opa 777
  84. Pingback: Porno
  85. Pingback: situs opa777
  86. Pingback: Oh Bulan
  87. Pingback: opa777
  88. Pingback: Live Casino
  89. Pingback: Slots casino
  90. Pingback: mega download
  91. Pingback: daftar slot online
  92. Pingback: link iblbet
  93. Pingback: Pengeluaran SDY
  94. Pingback: toto brand
  95. Pingback: slot rtp checker
  96. Pingback: online casino
  97. Pingback: fume vape
  98. Pingback: situs toto
  99. Pingback: toto toilet
  100. Pingback: Judi online free
  101. Pingback: Domino QQ Pkv
  102. Pingback: OLXTOTO
  103. Pingback: KOITOTO
  104. Pingback: hinototo
  105. Pingback: slot88 jp

Comments are closed.

Add Comment
Viewing Highlight