Apple Stock Recovered Its Losses as an Analyst Says the Company’s iPhone Lineup Could Provide a Bright Outlook.
Apple Stock (NASDAQ:AAPL)
Tuesday saw Apple stock recover from an early drop to close at a session high as a prominent analyst said the firm may provide a positive outlook for the crucial holiday quarter due to an improved iPhone mix.
According to a blog post by TF International Securities analyst Ming-Chi Kuo, the proportion of iPhone 14 shipments that will be Pro versions has increased from 55% to 60% to 60% to 65% for the second half of this year. It will have a positive impact on Apple stock.
The iPhone 14 Pro Max, which is the most costly choice offered by Apple (NASDAQ:AAPL) and has a starting price of $1,099, is the model that has proven to be the most popular among consumers. Kuo also said that it is probable that the iPhone 14 Pro Max is responsible for anywhere between 30% and 35% of overall iPhone 14 shipments, which may assist in increasing revenue and the average selling price.
Kuo stated in the article, The iPhone product mix is improving, so Apple may present a good view for [fourth-quarter] during the next earnings call in late October. This is predicated on the assumption that iPhone sales wont decrease considerably beyond late November.
Kuo pointed out that numerous companies may benefit if Apple stock presents a good outlook. One of these companies is Sony (SONY), the only supplier of the 48MP camera pictures sensor included in the new smartphone.
Other companies that might benefit from this development include LG Innotek, Alps, and Samsung Display. Largan is the primary provider of the telephoto lens used in the ultra-wide camera (OTCPK:SSNLF).
Recent quarters have not seen Apple stock provide official advice, partly because of the widespread COVID-19 outbreak.
According to Kuos earlier report, Apple has requested that its contract manufacturer Foxconn (OTCPK:FXCOF) swap the assembly lines for the iPhone 14 and iPhone 14 Pro models, a move that might improve Apple (NASDAQ:AAPL) product mix and average selling price in the holiday quarter.
It was reported separately on Tuesday that the new goods revealed by Apple stock helped drive an unexpected increase in export orders for Taiwan in August.
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Author: Shariq Khan
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