Apple’s shares are not going through their best moment as we mentioned, suffering a drop of up to 9%. This fact coincides with the fact that many suppliers have stated that the demand for components was lower than expected , resulting in a low sale of iPhone by Apple. This has made investors lose confidence in Cupertino’s company, but it seems that tomorrow’s presentation of results will be very different.
According to the latest forecasts before tomorrow’s presentation, sales could grow in the quarter by 2% according to a Bloomberg report and l revenue in general could increase by up to 13% according to a WSJ report, something that would certainly be very interesting for the company and for increasing investor confidence.
Tim Cook talking to employees
Although it is not a relief for investors, as in the first quarter we could see that the iPhone X did not make the company’s economy shine, selling less iPhone than the previous year. But with this estimate it may make us think that iPhone X sales are not that bad.
Analysts are thinking this basically because a 2% increase in sales means a 13% gain, meaning that the average selling price of those products that have sold the most is very high. And which product has a high unit price? The iPhone X. This quarter, at the end, we are expecting revenue of $61 billion, which is an interesting amount of money.
Since Bloomberg they have also let it slip that this year the results could be very different. With Apple’s commitment to three models of the iPhone X with different prices and one of them cheaper with LCD screen , it could leave the door open for more users to opt for one of these new devices and see spectacular economic results, something we expected to see at the beginning of this year.
Leave us in the comment box what you think of these forecasts from various analysts.