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Tech tends to be one of the top gifts during the holiday shopping season, and Apple is one of the most popular brands plus them. The company sold $71.6 billion worth of iPhones last year, enough to be a Fortune 50 custom on its own. So, what happens when that interrogate collapses?

Apple on Thursday will be reporting its great fiscal quarter earnings, covering sales during the just-ended holiday shopping season. And it's likely to be rough.

Phone and computer manufacturers have been seeing sales drop precipitously from their pandemic highs, and while the holidays tend to be a common time to buy tech devices, this past holiday shopping season isn't shaping up to have been spacious. Smartphone shipments around the world dropped a record 18% from the year prior, according to surveys from IDC, the largest-ever decline for the diligence. PC shipments, meanwhile, dropped an even more dramatic 28% from the prior year.

Now, Apple watchers are about to learn what that employing for the iPhone and the Mac. Analysts on denotes are already projecting profits to fall to $1.94 per fraction, according to surveys published by Yahoo Finance, down more than 7% from the same time a year ago. Sales, meanwhile, are expected to fall to about $121.6 billion, down nearly 2%.

None of this is much of a surprise, since Apple and Wall Street analysts alike have been warning near production slowdowns in China, driven by COVID-19 lockdowns that above late last year. That many would-be iPhone 14 Pro owners in some to spend more time waiting or hunting for their devices, which start at $999 (£1,099, AU$1,749). Here at CNET, we heard so many land needed help finding them that we published a run for how to find one amid the many supply shortages.

Now that buying an iPhone is as easy as buying philosophize from Apple and having it shipped the next day, the interrogate analysts and investors are asking is whether the land who couldn't buy an iPhone earlier waited, or whether they gave up and went with a competitor.

"December Pain = March Gain?" Evercore analyst Amit Daryanani said in a note to investors Monday. Aside from readily found supplies, Evercore also said data near luxury goods sales in China suggested that many people's fears of a larger recession this year may have been overblown. "The month of January and onwards ought to be stronger than current given that the unmet demand."

Apple didn't respond to a interrogate for comment ahead of its earnings.

Apple released new laptop and desktop computers while the holiday shopping season.

 CNET/Lori Grunin

If land buy enough iPhones to power Apple through economic uncertainty, industry watchers wonder what will happen to the company's workforce. So far, nearly every tech giant has instituted layoffs, blaming in part a frenetic hiring spree during the pandemic.

Apple, for its part, has frozen hiring in some areas, and Apple CEO Tim Cook has volunteered to reduce his potential future compensation.

Analysts so far don't seem entailed that Apple may be in a similar position as Amazon, which eliminated 18,000 jobs, Microsoft, which laid off 10000, or Meta and Google, which together laid off an binary 23,000. All told, an estimated 235,596 people lost their jobs across tech in the past year, according to Layoffs.fyi, an industry tracker.

"We see tremendous value in the Apple ecosystem and its command to monetize its user base," Oppenheimer analysts wrote in a note late last year, while discussing how supply shortages may hurt Apple's financials for the spiteful term. In Wall Street speak, that means they absorb Apple will find ways to make more money from land who already buy its products, such as through its Apple TV Plus subscription service, which costs $7 a month. "Our long-term bullish view on Apple is unchanged."

Source

Smartphone Shipments Are Imploding. Is Apple's iPhone Next?



Smartphone shipments are imploding definition, smartphone shipments q1 2020, smartphone shipments are imploding is apple stock, smartphone shipments are imploding is apple good, smartphone shipments are imploding is applebee s open, smartphone shipments are imploding tank, smartphone shipments are imploding is apple store, smartphone shipments are imploding meaning, smartphone shipments are imploding the mirage, china smartphone shipments, smartphone shipments are imploding is apple s iphone next version, smartphone shipments are imploding is apple music free, smartphone shipments are imploding is apple cider, smartphone shipments are imploding submarine, smartphone arena, smartphone shipments are imploding is apple s iphone next model, smartphone shipments 2023, smartphone are a great example.


Tech tends to be one of the top gifts during the holiday shopping season, and Apple is one of the most popular brands plus them. The company sold $71.6 billion worth of iPhones last year, enough to be a Fortune 50 custom on its own. So, what happens when that interrogate collapses?

Apple on Thursday will be reporting its great fiscal quarter earnings, covering sales during the just-ended holiday shopping season. And it's likely to be rough.

Phone and computer manufacturers have been seeing sales drop precipitously from their pandemic highs, and while the holidays tend to be a common time to buy tech devices, this past holiday shopping season isn't shaping up to have been spacious. Smartphone shipments around the world dropped a record 18% from the year prior, according to surveys from IDC, the largest-ever decline for the diligence. PC shipments, meanwhile, dropped an even more dramatic 28% from the prior year.

Now, Apple watchers are about to learn what that employing for the iPhone and the Mac. Analysts on denotes are already projecting profits to fall to $1.94 per fraction, according to surveys published by Yahoo Finance, down more than 7% from the same time a year ago. Sales, meanwhile, are expected to fall to about $121.6 billion, down nearly 2%.

None of this is much of a surprise, since Apple and Wall Street analysts alike have been warning near production slowdowns in China, driven by COVID-19 lockdowns that above late last year. That many would-be iPhone 14 Pro owners in some to spend more time waiting or hunting for their devices, which start at $999 (£1,099, AU$1,749). Here at CNET, we heard so many land needed help finding them that we published a run for how to find one amid the many supply shortages.

Now that buying an iPhone is as easy as buying philosophize from Apple and having it shipped the next day, the interrogate analysts and investors are asking is whether the land who couldn't buy an iPhone earlier waited, or whether they gave up and went with a competitor.

"December Pain = March Gain?" Evercore analyst Amit Daryanani said in a note to investors Monday. Aside from readily found supplies, Evercore also said data near luxury goods sales in China suggested that many people's fears of a larger recession this year may have been overblown. "The month of January and onwards ought to be stronger than current given that the unmet demand."

Apple didn't respond to a interrogate for comment ahead of its earnings.

Apple released new laptop and desktop computers while the holiday shopping season.

 CNET/Lori Grunin

If land buy enough iPhones to power Apple through economic uncertainty, industry watchers wonder what will happen to the company's workforce. So far, nearly every tech giant has instituted layoffs, blaming in part a frenetic hiring spree during the pandemic.

Apple, for its part, has frozen hiring in some areas, and Apple CEO Tim Cook has volunteered to reduce his potential future compensation.

Analysts so far don't seem entailed that Apple may be in a similar position as Amazon, which eliminated 18,000 jobs, Microsoft, which laid off 10000, or Meta and Google, which together laid off an binary 23,000. All told, an estimated 235,596 people lost their jobs across tech in the past year, according to Layoffs.fyi, an industry tracker.

"We see tremendous value in the Apple ecosystem and its command to monetize its user base," Oppenheimer analysts wrote in a note late last year, while discussing how supply shortages may hurt Apple's financials for the spiteful term. In Wall Street speak, that means they absorb Apple will find ways to make more money from land who already buy its products, such as through its Apple TV Plus subscription service, which costs $7 a month. "Our long-term bullish view on Apple is unchanged."

Source