AAPL Q3 is a throwaway, say analysts; want Q4 brushstrokes

published 29.07.2020 15:19

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Investors and analysts want to get a sense of whether that the next phone is ‘still on track’ and that Apple ‘is still producing products,’ Munster said […] ‘At the end of the day, the Apple growth story (and stock) moving higher all rests on the iPhone 12 supercycle coming down the pike,’ Ives wrote in a recent note, ‘which we believe is the most significant product cycle Cupertino has seen since iPhone 6 was released in 2014.’

Wall Street is all too happy to ignore the recent lockdown-impaired business results and to focus instead on what’s in store this fall […] ‘What matters most is commentary around September,’ said Gene Munster, managing partner at Loup Ventures and a longtime Apple observer, calling the results of the last three months a ‘throwaway quarter.’

Many analysts don’t expect to get any Q4 earnings guidance from Apple: There is still too much uncertainty.

With the coronavirus crisis having hit Apple’s supply chain and consumer willingness to spend money on shiny new toys, analysts are expecting AAPL Q3 results to be rather underwhelming.

The best I’d expect is for Apple to explain its current expectations around the timing of the iPhone 12 launch and availability.

by NordVPN from 9to5mac.com

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