A Wall Street analyst lays out a bleak worst-case scenario where coronavirus disrupts a 32% chunk of Apple's business (AAPL) | Markets Insider

On Tuesday, Needham analyst Laura Martin lowered her earnings expectations for the technology giant following the company'sBut the coronavirus, called COVID-19, could weigh on Apple revenues for even longer, according to Martin.

If coronavirus-related disruptions to Apple's supply and demand continue past June, new product launches in September and its Christmas selling season would come under greater threat, Martin wrote. Over the last three years, the autumn launches and holiday season sales have made up about 32% of Apple's annual revenue, according to the note.

If Apple's December quarter is disrupted, both the full years 2020 and 2021 would be negatively impacted because of the company's fiscal calendar, Martin wrote.So far, Martin has lowered only unit sales and revenue estimates for the quarters ending in March and June, which will be the most hit by the coronavirus epidemic.

But,"this assumption may prove to be too optimistic," she wrote. Martin maintained a"buy" rating and $350 price target on shares of Apple.

1348 London

There are a lot of “what if” and black swan scenarios in that prediction.

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Global Stocks Stabilize After Deep Wall Street SelloffStocks were mixed while bond markets flagged continued fears among investors about the economic impact of the coronavirus outbreak after a sharp selloff a day earlier. Of course the market is a mirage, that tell us in reality we the people don't need it. The WSJ hangs on human rights and democracy all day, didn't have the courage to apologize after insulting Chinese citizens not relating the political system. Instead, it continued to make excuses by attacking Chinese politics to avoid apologizing. shamed!
स्रोत: WSJ - 🏆 98. / 63 और पढो »

Some Wall Street analysts are bailing on key chip stocks because of the coronavirus threatNew for subscribers: Some Wall Street analysts are bailing on key chip stocks because of the coronavirus threat Check out CNBCPro and get your first 30 days free.
स्रोत: CNBC - 🏆 12. / 72 और पढो »