Post by Dave on Jul 30, 2020 1:58:17 GMT -8
Good morning. This is the day that Apple reports to the world how successful it’s business was in quarter 3. Let’s find out.
Pre-market is red at -$3.41 at this moment. Not a good way to start the day.
Samsung slump sees Huawei become world's biggest smartphone vendor
And from yesterday:
Handicapping Apple’s earnings: Q3 and Q4 2020
From the comments section, all of them are worth the read:
Pre-market is red at -$3.41 at this moment. Not a good way to start the day.
Samsung slump sees Huawei become world's biggest smartphone vendor
Huawei has overtaken Samsung (OTC:SSNLF) to become the No. 1 smartphone player in the world, an ambition it has had for several years, after taking second place from Apple (NASDAQ:AAPL) back in 2018.
The Chinese vendor shipped 55.8M devices in the second quarter, down 5% Y/Y, according to research firm Canalys, while Samsung shipped 53.7M smartphones, a 30% plunge versus the prior year.
Analysts are questioning whether Huawei's position is sustainable given the fact that over 70% of Huawei's sales in the second quarter came from China while its overseas markets took a hit.
"China and U.S. trade war is creating a higher barrier for us," said Richard Yu, CEO of Huawei's consumer division. "The market is so big, we don't need to wait for the U.S. market. Instead we can put more energy on the global market."
Huawei is also working on a foldable phone which will debut next year and be the company's first 5G-enabled handset. Augmented reality glasses are also in the works.
On Huawei's ability to win market share outside China, Richard Windsor writes: "Huawei’s imperfect, but viable, backdoor to add Google Services to its devices has been killed off by Google. This virtually guarantees that Huawei’s market share in smartphones outside of China is going to 0%."
The Chinese vendor shipped 55.8M devices in the second quarter, down 5% Y/Y, according to research firm Canalys, while Samsung shipped 53.7M smartphones, a 30% plunge versus the prior year.
Analysts are questioning whether Huawei's position is sustainable given the fact that over 70% of Huawei's sales in the second quarter came from China while its overseas markets took a hit.
"China and U.S. trade war is creating a higher barrier for us," said Richard Yu, CEO of Huawei's consumer division. "The market is so big, we don't need to wait for the U.S. market. Instead we can put more energy on the global market."
Huawei is also working on a foldable phone which will debut next year and be the company's first 5G-enabled handset. Augmented reality glasses are also in the works.
On Huawei's ability to win market share outside China, Richard Windsor writes: "Huawei’s imperfect, but viable, backdoor to add Google Services to its devices has been killed off by Google. This virtually guarantees that Huawei’s market share in smartphones outside of China is going to 0%."
Handicapping Apple’s earnings: Q3 and Q4 2020
Apple gave analysts no guidance last quarter—as they probably won’t again this quarter—so the analysts’ best guesses is the best we have.
Among the estimates I’ve seen so far, nobody is expecting Apple to beat last year’s earnings.
Apple handicapping q3 q4 2020
Click to enlarge. The pickings are slim from the indies this quarter. Updates and corrections appreciated. Full spreadsheet tomorrow.
We’ll see whose estimates were closest to the mark when Apple reports its June quarter earnings after the markets close on Thursday. The earnings call with analysts will be live-streamed here at 5 p.m. ET, 2 p.m PT.
My take: If everybody weren’t in the same plague-infected boat, this would be a dreadful showing.
Among the estimates I’ve seen so far, nobody is expecting Apple to beat last year’s earnings.
Apple handicapping q3 q4 2020
Click to enlarge. The pickings are slim from the indies this quarter. Updates and corrections appreciated. Full spreadsheet tomorrow.
We’ll see whose estimates were closest to the mark when Apple reports its June quarter earnings after the markets close on Thursday. The earnings call with analysts will be live-streamed here at 5 p.m. ET, 2 p.m PT.
My take: If everybody weren’t in the same plague-infected boat, this would be a dreadful showing.
From the comments section, all of them are worth the read:
Joseph Bland said:
I know I sound like a broken record, but as of July 10th, Apple is by far the best $1T+ stock out there, even at those prices:
Price:
AMZN: $3,200
GOOGL: $1,540
AAPL: $384
MSFT: $213
P/RPS (ranked by most affordable)
AMZN: 5.39
AAPL: 6.14
GOOGL: 6.39
MSFT: 11.6
P/E (ranked by most affordable)
AAPL: 29.3
GOOGL: 31.1
MSFT: 32.6
AMZN:150.2
I know I sound like a broken record, but as of July 10th, Apple is by far the best $1T+ stock out there, even at those prices:
Price:
AMZN: $3,200
GOOGL: $1,540
AAPL: $384
MSFT: $213
P/RPS (ranked by most affordable)
AMZN: 5.39
AAPL: 6.14
GOOGL: 6.39
MSFT: 11.6
P/E (ranked by most affordable)
AAPL: 29.3
GOOGL: 31.1
MSFT: 32.6
AMZN:150.2