Analysts have some concerns about the holiday-quarter outlook in light of economic unease and China pressures
Apple Inc.’s AAPL, +1.87% September-quarter results, due out Thursday afternoon, should offer an early glimpse of the iPhone 15’s performance, as the period included just over a week’s worth of sales of the consumer-electronics giant’s new lineup. Management’s commentary on the earnings call will tell even more of the story.
“Overall, while India will provide some recourse versus declining China sales, we don’t think it will be enough to offset global and China weakness,” Kumar wrote, while lowering his overall December-quarter revenue estimate to $120.9 billion, below the $123.1 billion FactSet consensus. Evercore ISI’s Amit Daryanani sees the September-quarter consensus revenue target as feasible for Apple, though he contends “the bar is a little higher” when looking to the December quarter, as estimates imply 5.5% growth.
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