Shulou(Shulou.com)11/24 Report--

CTOnews.com July 20 news, Apple's second quarter earnings will be announced in about two weeks, Wall Street is also beginning to adjust Apple's second quarter and beyond performance estimates. But some analysts have expressed concern about Apple's results, as iPhone sales appear to be weaker recently.

▲ Photo source Apple official website According to Barron Weekly report, Bank of America Global Research BofA Global Research analyst David Mohan said in a research note yesterday that Apple's second-quarter earnings due on Aug. 3 are likely to be "roughly in line" with Wall Street estimates, putting Apple's second-quarter revenue at $80.7 billion (CTOnews.com Note: Currently about 583.461 billion yuan), earnings per share of 1.17 US dollars, slightly lower than the previous market expectations of 81.8 billion US dollars (currently about 591.414 billion yuan) revenue and 1.19 US dollars per share earnings.

Mohan noted that while Apple management predicted currency fluctuations would have a 4 percentage point impact on revenue, he believes the actual impact is less than 2 percentage points.

However, Mohan is concerned that Apple's third-quarter results may not be as good as expected, as his sources point out that the launch of the new iPhone (tentatively called iPhone 15) may be delayed by several weeks and delayed until the fourth quarter of this year. He estimated that even with 2.5% of the fourth-quarter exchange rate fluctuations, Apple's third-quarter revenue would be only about $87.1 billion (currently about 629.733 billion yuan), far below Wall Street analysts 'previous consensus estimate of $91.6 billion (currently about 662.268 billion yuan).

Mohan predicts that Apple's hardware sales will decline year-on-year in the second quarter, and based on the likely launch point of the iPhone 15 and the high comparison base of Mac computers, product revenue may decrease further in the third quarter. He estimated iPhone sales of 48 million units in the third quarter, lower than Wall Street's previous consensus estimate of 51 million units.

Mohan, however, raised his price target on apple's stock to $210 from $190, while maintaining a neutral rating.

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