Thursday, January 7, 2021

Apple Earnings On Tap -- It Appears To Be A Moveable Feast -- January 7, 2021

Link here

Bottom line: 1Q21 (October - Dec, 2020, quarter):

  • street consensus: $1.40 earnings per share; $102 billion
  • this particular analyst: $1.43 earnings per share; $104 billion
    • 80 million iPhones; average selling price: $775

Earnings conference, call, live:

  • Wednesday, January 27, 2021
  • 2:00 p.m. PT
  • 5:00 p.m. ET -- after market close;

Excerpts from the linked article:

Wall Street is getting more optimistic about Apple's coming earnings report. 

US sales and delivery times:

One analyst ...  in boosting estimates, [the analyst] points to a combination of better-than-expected unit demand and higher-than-expected average selling prices, as consumer demand trends toward the higher-end Pro and Pro Max versions of the new phone line. He also notes “better services growth,” given better than 30% growth in downloads from the App store. 

.... demand remaining robust in [the December quarter] but also expect upside to sustain in [the March quarter],” given extended lead times for the iPhone 12 Pro and, to a lesser extent, the Pro Max ...

“The iPhone Pro has now been shipping for two and a half months and our analysis suggests lead time remains elevated across each country we track, with the exception of the U.S.,” Daryanani writes. He says Apple is offering same-day delivery on the iPhone Pro in the U.S. with special courier delivery that costs an additional $10, but that standard delivery still requires a 21-day wait, a modest improvement from the 33-day wait at the beginning of December.

China, delivery time:

  • 12 Pro: down from 23 days to 16, but still the longest lead time for any iPhone in history at this point in the initial launch;
  • iPhone 12: shorter delivery times
  • iPhone 12 mini: likewise; shorter delivery times
  • longer delivery time for iPhone 12 Pro suggests a strong mix of higher-priced iPhone 12 Pros

 See appleinsider also


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SRE

On another note, I have no idea why SRE was down significantly today.

This report did not provide any insight to price action today, unless I missed it. 

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

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