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. 

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