Why does Apple temper sales expectations for current quarter
Wall Street expects $Apple(AAPL.US$to close its fiscal year in September with record iPhone revenue of nearly $187 billion.
But a funny thing has happened over the past few years: The iPhone has also become a notably smaller part of Apple’s business.
The big question is whether the supporting acts can keep stepping up.
Overall, the company cited three reasons for the outlook:
Overall, the company cited three reasons for the outlook:
A less favorable foreign-exchange benefit.
Slower growth in its services category, which benefited in the June quarter from favorable comparisons as certain services were hurt by the pandemic a year ago.
The company’s expectations that supply constraints during the September quarter will be greater than it experienced during the June quarter, particularly for the iPhone and iPad.
Chief Financial Officer Luca Maestri said on Tuesday’s conference call that the company expects supply constraints to worsen in the September quarter relative to June, mostly affecting the iPhone and iPad.
Still, Mr. Maestri projected the company will deliver “very strong double-digit” revenue growth for its fiscal fourth quarter.
Apple stock price soared 82% in 2020 and continued to rise 11% year to date.
Apple stock price soared 82% in 2020 and continued to rise 11% year to date.
Source: WSJ
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satay77777 : latest like
102124528 : Interesting
Soh777 : I am surprised to get to know that Apple iphone is juat a small part of the Company business. Their sales were alway high in demand
Soh777 : just a small part of their business??
Street OutsiderOP Soh777: Gradually smaller, not small
Jayaram : Apple phone smaller business for company, but billion of I phone users in the world
jasonlwp satay77777: like
MoMa Doge Soh777: Surprising
Street OutsiderOP Soh777: Other segments are on the track