Apple is facing a 'low bar of expectations' but it might work in the company’s favor.
has had a strong 2019 so far, with the stock up more than 45% since the company hit a low after it announced a revenue shortfall on Jan. 2. The iPhone maker continues to mint money, too, and has projected that it will book at least $52 billion in revenue when it reports earnings after Tuesday's closing bell.
"Investor sentiment remains negative despite improving iPhone and Services data points, with low expectations for Sept. quarter suggesting a positive setup into earnings," Morgan Stanley Katy Huberty wrote on July 22. Last quarter, only 53% of Apple's total $58.01 billion in revenue came from the iPhone. That's because of Apple's growing services business, including App Store fees and online subscriptions, which made up 19% of Apple's revenue in the second-quarter, a record for the company. Analysts will be closely watching the services business for strong growth — Huberty expects Apple will post services revenue 20% higher than a year ago, but the Street is looking for 15%.
"We expect the narrative to shift more towards new services launch in 2H and to a 5G story heading into 2020," Bank of America Merrill Lynch analyst Wamsi Mohan said in a note Wednesday.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Here are the biggest analyst calls of the day: Starbucks, Apple, UPS, Coca-Cola & moreHere are the biggest calls on Wall Street on Monday
Consulte Mais informação »
The earnings menu: Beyond Meat, Apple and a big bag of chipsBeyond Meat Inc. will be the appetizer for the coming week of earnings reports, with Apple Inc. as the main course and Big Oil serving as a dessert.
Consulte Mais informação »
https://time.comBreaking news and analysis from TIME.com. Politics, world news, photos, video, tech reviews, health, science and entertainment news.
Consulte Mais informação »
Apple will add 5G to 2020 iPhones to compete with Android, top analyst saysLow-cost 5G Android phones will force Apple's hand to add 5G to all three 2020 iPhones, according to TF Securities' Ming-Chi Kuo.
Consulte Mais informação »