Most Viewed Content:

Xiaomi 12S Ultra Review: 2022 Smartphone Photography Standard

the Xiaomi 12S Ultra is a bold statement and reaffirms Xiaomi as a company capable of holding its own in the flagship smartphone space. That's aside from the fact that Xiaomi is one of the biggest mid-range smartphone brands.

Xiaomi 12S and 12S Pro Revealed With A New Processor

Xiaomi is now on a device launching spree as it is set to launch the Xiaomi 12S and 12s Pro with a new Snapdragon processor.

Wedbush says Apple’s third-quarter revenue will meet expectations due to solid iPhone demand

Apple Inc. may meet Wall Street’s expectations when it reports quarterly earnings for June despite macroeconomic headwinds, according to Wedbush. In a note to investors, Wedbush analyst Daniel Ives said he thinks demand for iPhones is holding up slightly better than expected amid supply issues plaguing the tech industry. He thinks Apple will hit consensus numbers in the third quarter of 2022.

Analysts expect Apple to report revenue of about $82 billion and earnings of $1.16 per share for the month of June.

However, Wall Street still expects Apple to show weakness in the June quarter. According to Ives, “all eyes” are on the iPhone 14 production and demand cycle. Apple is also focused on an aggressive product pipeline into 2023, which could include a new mixed reality headset.

The June quarter will represent a “peak of concern” for Apple’s supply chain issues. Although Apple has warned of a $4 billion to $8 billion revenue hit, Ives expects the impact of any COVID-19 or supply disruptions to subside in the September and December quarters.

Apple’s shipments are key to its ability to weather the macroeconomic storm. Ives still believes in the stickiness of the iPhone upgrade cycle, as roughly 240 million of Apple’s 1 billion iPhone owners have yet to upgrade their devices.

The services sector also looks strong going into the second half of 2022 and into 2023. Ives believes that Apple’s services division is worth more than $1 trillion by itself. When combined with its hardware, he believes the risk/reward is “compelling at current levels”: “While the nervous market backdrop creates a frightening environment for tech stocks, we believe Apple’s growth story remains intact despite the macro uncertainty.”

Ives maintains an Outperform rating on Apple, with a 12-month price target of $200. His target is based on the sum of his 2022 estimates for each component, which is 18 times $1.5 trillion for services and 7 times $2.1 trillion for Apple’s hardware business.




Don't miss

Xiaomi Mi Tablet 5 Pro 12.4 large screen productivity from 2999 yuan

At tonight's launch, Xiaomi brought a bunch of new...

Ahead of Tesla, Lei Jun released Xiaomi full-size humanoid bionic robot “Tie Da”

Before Musk (who has repeatedly said that Tesla will...

Telegram CEO complains about Apple App Store’s unexplained delay in updates

Telegram CEO Pavel Durov said Apple has been delaying...
Threza Gabriel
Threza Gabriel
TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.

Counterpoint: Folding screen smartphone shipments to reach 16 million units in 2022, up 73% year-on-year

August 11, today, Counterpoint Research released a report saying that folding screen phones are still the fastest growing smartphone product category this year, with...

Amazon to buy Roomba robotics company iRobot for about $1.7 billion in cash

Amazon has just announced that it will acquire iRobot in an all-cash deal for about $1.7 billion, and Colin Angle will continue to serve...

Taiwan Province of China’s four leading drivers of IC chips all fall as panel demand weakens

According to Taiwan media Vantage Network, due to the rapid reversal of the panel market conditions, driving the IC industry continues to be under...