Apple’s earnings beat appeases Wall Street despite iPhone sales miss
After that Wall Street analysts seemed to breathe with relief relief Apple‘s (AaplIn the case of Earnings of the first quarter won modestly to analysts’ forecasts And in China, the explanation of the company’s sales of iPhone has eased their worries.
On Thursday, Apple received $ 2.4.3 billion worth of $ 2.40 in US $ 2.40, higher than $ 2.35 and $ 124.1 billion analysts. At the same time, Apple’s income in China has decreased by 11% compared to the previous year, in general the general sales of China falls more than Wall Street.
But Apple CEO Tim Cook had a reason for that.[O]Half of the fall we have felt guided by changing the inventory of the channel to the end of the quarter, “he said. In other words, the company strategically reduced the quantity that supplied to suppliers larger China, meaning that, in general, China’s iPhone sales are not required.
In fact, he said he was the opposite. “[P]The reason for that is that our sales were slightly higher than we predicted that they would be the end of the quarter. And so we finished slightly thin than we waited. “
Jpmorgan (MuseumAnalyst Samik Chatrace raised its prices to $ 270, $ 260 on Apple, reaffirming its price rating and pointing to COOK comment. Chatterjee also noted that the last Chinese subsidies have been announced in late January, they can support the sale in the region.
It also said that Apple’s intelligence helped to drive the record amount of iPhone modernization, noting that China’s sales could intensify if AI’s capabilities are approved by the Chinese government.
Citi’s (:C) Atif Malik has also maintained its purchase rating in shares, noting that the results are “better afraid.”
“Critically, AAPL comments, which indicate the preliminary areas, where the features of the iPhone AI are out are exceeding other Geo, which should support the mood on the fund,” he added. On Friday, Apple’s shares have grown as much as 3%.
Raymond james (Rjf) Analyst Srin Pajuri suggested that Apple is better positioned than its magnificent 7 peers to navigate AI Bubble.
“On-the-device AI has lower Capex needs and offers faster monetization with updates of consumer apparatus, which makes AAPL resources especially attractive, as the” Genian Memorization “debate continues.” :
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