Lists all of the journal entries for the day.

Mon, 23 Jul 2012

3:34 AM - China is a one critical factor effects on Apple

Beijing time on July 22, according to foreign media reports, the United States investment bank Bernstein analyst Toni Sacconaghi recently published research report, saying that there were some worrying situation to Apple's latest prospects.

Sacconaghi said in report, in as June end of third fiscal deficit quarter, Apple performance will less than analyst of expected, this guessing has "reasonable of possibilities", main is because China and European, to of macroeconomic situation still weak, and iPhone products of cycle exists intermittent, and new iPad in China market publishing time was more late, and a quarter just launched new of Mac notebook computer,. The analyst also forecasted that, Apple's fiscal third quarter sales of 28.5 million iPhone smart phones (Department of 29.9 million lower than previously expected), you will reach $ 15.1 million iPad sales, Mac sales will reach 4 million units, while iPod sales are expected to reach 6.3 million. At the same time, Sacconaghi will put Apple's third-quarter revenues expected from this former $ 37.1 billion down to $ 35.4 billion, while Wall Street analysts on average expected $ 37.3 billion; in terms of profit, Sacconaghi also put Apple's third quarter diluted earnings per share from $ 10.53 which is expected to cut its $ 10.24, also below Wall Street analysts ' average estimate of $ 10.37.

However, in fact, Sacconaghi were more concerned on Apple's fiscal fourth-quarter results as at the end of September. Sacconaghi pointed out that in the report: "while many buyers investors think that Apple's third-quarter results are likely to be weak. But we are even more worried that that Apple quarter results IV may also significantly lower than the current average analyst expectations of the market. We now expect, Apple's fiscal fourth quarter diluted earnings per share is expected between may be as low as $ 8 to us $ 8.25 (lower than Wall Street analysts on average expected $ 10.29, and our current estimate of $ 9.47), in addition to Apple IV quarter revenues will reach between $ 33 billion to $ 34 billion (also below Wall Street analysts ' average expectations of $ 34.3 billion). ” Sacconaghi is expected to say, new iPhone 5 Smartphone will be launched this quarter as at end of December this year.

Sacconaghi also warned: "industry analysts widely expected that Apple IV quarter growth in revenue and diluted earnings per share, but we think that growth is impossible, unless Apple launched the iPhone 5 in the fiscal fourth quarter. We also found that last year, Apple IV quarter of revenue and diluted earnings per share fell, when the industry expects Apple to introduce iPhone 4S. Now we believe that the iPhone 5 is highly unlikely to be issued in the fiscal fourth quarter, from past experience, coupled with the high-throughput expression of comments, and other supply chain related, Apple is extremely unlikely to launch iPhone 5 Smartphone in the fiscal fourth quarter. ” In fact, many people are looking forward to it, even many iphone fans have bought a lot of iphone accessories on best case mall, such as leather cases for iphone, cool cases for iphone, unique cases for iphoneand so on.

Sacconaghi forecasted in this quarter in the year to the end of September, Apple, iPad sales of iPhone sales will reach $ 24.2 million to 15.9 million units, while the Mac and iPod sales will reach 5.3 million and 5.6 million units respectively.

At a time when talking about stocks, Sacconaghi said: "despite the uncertainties, but we believe that recent risk does not affect our investment in Apple stock. At present, the Sacconaghi still put Apple stock be set at "outperform" level, and given the price target of $ 750.

Sacconaghi said: "despite the recent poor performance of the possibilities, but we still want to remind investors – stock performance could be affected by a certain time, but this stock is difficult to estimate, in the past two years, Apple shares were at all within a short period of focused attention. In addition, we also found a problem, stress here the problem, this problem is related with the time Apple launched the iPhone 5. Moreover, in addition to improved seasonal factors, we expected Apple's future prospects have not changed. Once the iPhone 5 launched, then we believe that investor confidence will become more active. ”

In Friday's NASDAQ regular trading, shares of Apple fell $ 10.02, closed at $ 604.3 or 1.63%. In the past 52 weeks, Apple's highest price of us $ 644, minimum price at $ 353.02, currently worth about $ 565.06 billion dollars. Sacconaghi also pointed out that, in the fiscal third quarter ending in June, Apple's performance is "reasonable possibility" than Wall Street analysts expected on average, mainly due to the weak macroeconomic environment in China and the eurozone, intermittent, new iPad and iPhone product cycle is later than expected to launch in the Chinese market, as well as newer Mac notebook published later, and so on. He predicted that, Apple iPhone sales in the fiscal third quarter to 28.5 million (Department of 29.9 million lower than previously expected), iPad sales for15.1 million units, Mac sales of 4 million units, iPod for 6.3 million units.

Only a few people believe that Apple will achieve harvest again in Tuesday's earnings, in spite of the company's past performance often exceeded Wall Street's expectations. Main reason for this is that consumers have wait-and-see attitude on the new iPhone.

Apple's performance may continue beyond the expectations of market watchers, but Wall Street analysts and investors remember last fall when the new iPhone launch caused by shocks. This new product Apple a few years for the first-quarter performance is less than market expectations.

IPhone5 will carry thinner and larger screen, as well as fine-tuning the search feature, but is expected in October to meet with consumers at the earliest, had just caught up with summer vacation. Coupled with the in Europe and China, delay in release time, Apple the Wall Street Darling seems quiet at any time than people remember. You know, Apple Europe and China in addition to United States's largest market outside.

You may interested on: cute cases for iphone

()