New product launches are just as important as results
Author: Tam Chi Lok, Senior Strategist at Fortune Securities (the author is a licensee of the Securities and Exchange Commission and his associates do not have any financial interest in the proposed share issuer mentioned above)
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US stocks enter the third quarter results release period, $Apple (AAPL.US)$The financial report will be released after the close of business on November 2 (US East). Although Apple has had hot issues since the release of the new phone, from the point of view of the sales performance in the market, users reacted strongly to the new phone, mainly benefiting from the underperformance of last year's iPhone 14, leading many users to step up when the iPhone 15 was launched At the same time, sales of Apple phones will undoubtedly be positive for Apple's future performance, and the company will be expected to maintain stable cash flow and continue to buy back shares.
According to a forecast of 25 analysts at Fudge Cattle Comprehensive Markets, Apple's total revenue in 23Q4 is estimated at $893.4 billion, up 9.2% quarter-on-quarter; and the 28-member composite analysts forecast earnings per share of $1,388 in 23Q4, up 10.2% quarter-on-quarter.In addition, analysts' views are almost consistent, that the new iPhone is expected to make a significant contribution to the 24Q1 results。
In addition to the results, Apple announced a new product on October 30 that is preparing to launch its M3 Mac chip, which will significantly improve the performance of Apple computers. Apple's Mac from home chip has long been a major advantage seen by the market, and one of them is that the company can...