It appears you have not yet registered with our community. To register please click here...

Go Back [M] > Madshrimps > WebNews
Analysts downplay Apple's financial results Analysts downplay Apple's financial results
FAQ Members List Calendar Search Today's Posts Mark Forums Read

Analysts downplay Apple's financial results
Thread Tools
Old 23rd July 2012, 08:26   #1
[M] Reviewer
Stefan Mileschin's Avatar
Join Date: May 2010
Location: Romania
Posts: 128,052
Stefan Mileschin Freshly Registered
Default Analysts downplay Apple's financial results

Fruity cargo cult Apple is expected to release fairly dull results tomorrow and not even Wall Street, or its tame press can be optimistic.

Jobs' Mob is one of the few companies which has not done badly this quarter, but it is still not expected to do very well.

Optimists told Reuters it is because punters are not buying Apple gear because they are waiting for the new iPhone. Pessimists say that Apple is fast becoming old hat, out of touch with its customers, who don't want to part with their cash because of the economic crisis.

The iPhone 5 will hit store shelves around October with a thinner, larger screen and apparently better search features.

But with slowdowns in Europe and China, Wall Street does not think that the company can pull any rabbits out of the hat.

Tim Lesko, portfolio manager at Granite Investment Advisors told AP that Apple is not the company that beats every time. While he expects the company to beat own guidance, it is unlikely to beat what Wall Street thinks it should be making.

There is even a reasonable chance Apple will miss expectations on revenue, because of "macroeconomic weakness in China and Europe, a product cycle lull in the iPhone, a later than expected introduction of the new iPad into China, and the late quarter introduction of new Mac notebooks.

But there some other problems for Apple. The first is that nearly half of its money is made by flogging iPhones. At the moment this market is being chipped away by Samsung and other manufacturers. It has managed to make its fortune by being ahead of the game, but at the moment it is becoming a sitting target with no new ideas coming forward.

This means that rivals can make similar gear, cheaper and take on Apple. The current iPhone 4S has only been on the market for three quarters, which is new by smartphone standards. But the fact Apple tends to push out a new phone every year means that after six months its current phone starts to appear old hat.

The difficulty with this, is that there are only so many changes you can come up with for a smartphone in a short space of time. Apple's iPhone 4S was practically the same as the iPhone 4.

Wall Street thinks that Apple will miss the average sales forecast by about 0.2 percent. It thinks that the company only sold about 29 million iPhones, down from 35.1 million sold in the March quarter. Sales of the new iPad are expected to be 14 million to 15 million.
Stefan Mileschin is offline   Reply With Quote

Similar Threads
Thread Thread Starter Forum Replies Last Post
SanDisk Announces Second Quarter 2012 Financial Results Stefan Mileschin WebNews 0 20th July 2012 07:09
NVIDIA Reports Financial Results for First Quarter Fiscal Year 2013 Stefan Mileschin WebNews 0 14th May 2012 07:55
SanDisk Announces First Quarter 2012 Financial Results Stefan Mileschin WebNews 0 20th April 2012 07:21
Seagate Technology Reports Second Quarter Financial Results Stefan Mileschin WebNews 0 3rd February 2012 06:37
NVIDIA Reports Financial Results for First Quarter Fiscal 2011 jmke WebNews 0 14th May 2010 14:43
Intel releases financial results - profits decline jmke WebNews 4 21st July 2006 17:01
OCZ Shares Go on Sale - OCZ Discloses Financial Results jmke WebNews 0 22nd June 2006 11:45
NVIDIA Announces Preliminary Financial Results for the Fourth Quarter jmke WebNews 1 2nd February 2005 17:50
ATI Technologies Inc., First Quarter Financial Results Conference Call jmke WebNews 1 9th December 2004 16:37
NVIDIA Announces Preliminary Financial Results for the Third Quarter Ended October jmke WebNews 0 27th October 2004 13:10

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

All times are GMT +1. The time now is 21:12.

Powered by vBulletin® - Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO