This Thursday, October 28, Apple will unveil its quarterly results. In the meantime, the forecasts are going well and if many experts fear the effects of the shortage of electronic chips on the Cupertino company, this is not the case of Katy Huberty from Morgan Stanley.
On the contrary, she believes that the sales performance of the iPhone 13 and the good health of the services place the Apple brand in a very favorable position. Concretely, the company would realize revenues of 88.2 billion dollars, an increase of 36% over one year. This is much more than the forecasts of Wall Street which count on a little less than 85 million.
Expert opinions are not unanimous
In detail, Katy Huberty thinks that recent announcements on iPhone supply issues are “exaggerated”. Clearly, we could even see Apple progress during the end of the year quarter. She also notes some clouds on the horizon of the Cupertino company, including the possible change of business model on the App Store. Likewise, the sustainability of iPhone-related growth is difficult to establish from year to year.
As a reminder, his vision is not unanimous among experts of the tech giant. For example, Samik Chatterjee, analyst at JP Morgan, expects results to be lower than they should be due to the iPhone shortages. For his part, Daniel Ives from Wedbush, still predicts a much stronger quarter than one might think.
So we just have to wait a few days before finding out more. As always, we will come back to the details of the company’s announcements. These allow us to better understand the business model of Apple, one of the most profitable companies in the world.