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The Wall Street analyst seemed to breathe a sigh of relief after AAPL’s profits (AAPL) won the signs of analysts modestly and the company’s interpretation of the decline in iPhone sales in China about their concerns.
On Thursday, Apple reached $ 2.40 arrow’s profits on revenues of $ 124.3 billion – higher than the share profitability of $ 2.35 and $ 124.1 billion, according to estimates of Bloomberg consensus. Meanwhile, Apple’s iPhone revenues in China decreased by 11 % from the previous year, with China’s total sales decreased more than Wall Street.
But Tim Cook, CEO of Apple, Tim Cook had a reason for this: “(Q) half the retreat that we passed was driven by a change in the stocks of channels from start to the end of the quarter,” he said in the post -ears call with analysts. In other words, the company strategically reduced the amount of iPhone devices that it has shipped to suppliers to Greater China, which means that, on the whole, IPHONE sales in China were not necessarily due to poor demand.
In fact, the opposite said exactly: “(PBUH) is the art of reason that our sales were a little higher than we expected to be at the end of the quarter. And so we finished a little of the thinness than what we expected.”
JPMORGAN (JPM) Samic Chatgegi raised its target price on Apple to $ 270 from $ 260, which led to a repeated purchase and indication of Cook’s suspension. Shattgi also pointed out that the recent Chinese subsidies announced in late January can support sales in the region.
Cook also said that Apple Intelligence helped pay a record number of iPhone promotions, indicating that China’s sales may get a boost if AI’s features are approved for operation by the Chinese government.
Citi’s (C) ATIF Malik also maintains the purchase classification on shares, noting that the results were “better than fear.”
He added: “It is important that the AAPL comments indicating the initial areas where the iPhone AI features outperform the other geographical performance should support feelings on the arrow.” Apple shares increased by up to 3 % in early trading on Friday.
Raymond James (RJF) Srini Pajuri suggested that Apple is better than her wonderful 7 peers to navigate in the artificial intelligence bubble: “We believe that Apple is in a unique position to provide AI features on the device given the strength of the ecosystem, hardware capabilities, and privacy focus.”
“I have the low -needs of CAPEX low needs and provides faster liquefaction capabilities through consumer devices, which we believe make AAPL shares in particular attractive as the discussion surrounding the transformation/return on investment continues.”
