"In our opinion, investors expect fundamentals to be relatively weak heading into Apple's F3Q19 earnings despite the recent move in the stock," Bank of America analyst Wamsi Mohan said."Our conversations with investors suggest low expectations for the Q and fall iPhone builds," they said.
It could also be one of Apple's most important quarters according to Bernstein analyst Toni Sacconaghi. "Historically, Apple's fiscal Q3 results have meant relatively little to investors, whose focus by this time had typically shifted to next year's iPhone cycle," he said. "Following Apple's volatile 2019, however, we'd argue that Q3 results will likely matter more than usual, as they could shed further light on the iPhone's health in China, price elasticity of iPhone sales, given recent price cuts in emerging markets; and /or any contraction or further elongation of iPhone replacement cycles."Morgan Stanley- Overweight rating
"Investor sentiment remains negative despite improving iPhone and Services data points, with low expectations for Sept. quarter suggesting a positive setup into earnings. We see multiple catalysts beyond earnings that make Apple a top pick into year end....The combination of negative investor sentiment, the potential for a Services acceleration in June, and a low bar for September guidance keep us positively biased into earnings.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »