He expects the company to report revenues higher than Wall Street's current target of $118.3 billion and earnings-per-share higher than $1.88. The analyst maintains his 12-month Apple price target of $180.ĭaniel Ives of investment bank Wedbush believes that Apple will report robust numbers despite supply constraints, delivering upside on current Wall Street consensus. However, risks to the share price could be that the market backdrop is only rewarding "near flawless execution and results," as well as ongoing supply constraints. Sankar expects Apple to report December quarter revenue of $119 billion, gross margins in the 41.5% to 42.5% range, and earnings-per-share of $1.90.Ĭowen field work indicates that December quarter iPhone builds reached 88 million units, higher than its forecast of 82 million units. He says Apple shares are a flight to safety during current market volatility. While there's a good chance that investors will not be positively surprised by the share price, Chatterjee notes that guidance for the March quarter will be critical for a share price increase following the company's earnings report.Ĭhatterjee maintains his 12-month Apple price target of $210.Īlthough the quarter will be marked by $6 billion of component shortage headwinds, Cowen analyst Krish Sankar believes that Apple will report results that are in-line or above consensus. The analyst expects Apple to report total revenue of $118.7 billion and earnings-per-share of $1.94. In a note ahead of earnings, JP Morgan analyst Samik Chatterjee says he believes Apple shares will continue to present upside, driven by a beat on consensus earnings expectations and favorable gross margin commentary. Huberty maintains her 12-month Apple price target of $200. She believes Apple shipped 83 million iPhone units during the quarter. The analyst's expectations are largely based on unexpected improvements in iPhone production, as well as robust Services performance. She believes Apple will report revenue of $122.3 billion, gross margins of 41.9%, and EPS of $1.97. Morgan Stanley analyst Katy Huberty believes that Apple will break holiday quarter earnings and beat Wall Street expectations for the quarter, though not by a significant amount. 3, just a few days after the company's second quarter of 2022 began. It briefly hit that milestone during on Jan.
#Gross beat mac mac#
Analyst estimates indicated that the App Store likely grew 31% year-over-year during the period reaching revenues of $5.3 billion.Ī new wave of Covid-19 infections driven by the more infectious Omicron variant, however, prompted Apple Store closures and a delay of Apple's return-to-office plans.ĭuring the December quarter, Apple also announced other new programs and services, including a self-service repair initiative for iPhone and Mac and a cheaper $4.99 Apple Music Voice plan.Īpple also flirted with a $3 trillion market capitalization during the quarter.
#Gross beat mac pro#
While lead time analysis suggests that Apple's new iPhone models largely found supply-demand balance during the period, supply of the company's new M1 Max and M1 Pro remained constrained in Q1 2022.Īlthough antitrust legislation and ongoing legal battles loomed over the App Store during the December quarter, the app marketplace still likely saw robust growth. Supply issues were felt differently across product lineups during the quarter, however. Heading into the December quarter, Apple advised that it expected those supply headwinds could have a larger impact.
Apple also launched its new 14-inch MacBook Pro and 16-inch MacBook Pro models with M1 Max and M1 Pro.īack in the September quarter, Apple noted that it had missed out on $6 billion of revenue because of semiconductor constraints and supply chain problems.
#Gross beat mac full#
The December quarter marked the first full quarter of availability for which Apple's iPhone 13 and iPhone 13 Pro. Wall Street is forecasting that Apple will report $118.3 billion in revenue, gross margins of 40.5%, and earnings-per-share of $1.89. However, it did say that it expects to set new revenue records despite increasing supply headwinds during the period. That means the company's Q1 2022 represented the holiday shopping quarter - Apple's busiest.Īs has been typical during the Covid-19 pandemic, Apple did not provide formal revenue guidance for the Q1 2022 quarter. During the call, Apple CEO Tim Cook and CFO Luca Maestri will take questions from analysts and discuss the company's holiday quarter performance.Īpple's first fiscal quarter corresponds with the fourth calendar quarter of a year. 27 and hold an hourlong investor call at 2 p.m. The company will announce its Q1 2022 results on Jan.