Analyst Says Apple's Supply Chain That Crashed The iPhone Party Is 'Transitory,'
$Apple (AAPL.US)$ reported mixed fourth-quarter earnings, sending shares lower in after-hours trading.Apple's fourth-quarter revenues of $83.4 billion missed the consensus estimate, with iPhone revenues of $38.9 billion trailing the consensus estimate of $41.3 billion.With the "supply chain black cloud" impacting every sector, Apple's results showed the company isn't immune either. Supply chain constraint negatively impacted revenues, mainly that of iPhones, by about $6 billion.
However, analyst views this as transitory and it will in no way impact his long-term bullish view of Apple heading to a $3 trillion market cap in 2022.Apple will be running into a major iPhone 13 unit shortage for the holiday season if consumer demand keeps up at this pace, he added. This is purely a supply chain issue and not a demand issue for iPhones.
However, analyst views this as transitory and it will in no way impact his long-term bullish view of Apple heading to a $3 trillion market cap in 2022.Apple will be running into a major iPhone 13 unit shortage for the holiday season if consumer demand keeps up at this pace, he added. This is purely a supply chain issue and not a demand issue for iPhones.
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news porter, welcome and respect all view~
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102953705 : How interesting their statements are! On one side they say they had to take the hit due to supply constraints and in the same breath they claim despite the supply constraints Q4 will be super hit!! They always amaze us except saying the fact that no matter what they will continue to spike up the retail prices!
FiveHundredCents OP 102953705 : oops....So we have to rely on ourself judgment