After two big quarters for Apple (((AAPL) IPhone 12 sales, analysts predict a slowdown in the future. That’s one of the reasons Apple’s share price fell due to Apple’s strong March quarter performance.
Apple has announced a slowdown in the June quarter announced Second quarter financial results April 28th. From the March quarter to the June quarter, we expect a dramatic decrease in seasonal sales compared to the previous year. Apple said this was due to higher-than-normal iPhone sales in the March quarter due to the delay in launching the iPhone 12 series last year.
And Wall Street isn’t expecting sales growth from the iPhone 13 series, which is due out in September this year. The news leak shows a minor change in the 15th generation iPhone.
In the fall of 2021, the iPhone is the so-called “S” cycle phone, which occurs every other year following major iPhone redesigns. The iPhone 12 series is a major upgrade, and mobile phones are the first to support 5G wireless networks.
The next two iPhone cycles “Challenging”
Barclays analyst Tim Long said sales of the next two-generation iPhones are likely to be sluggish.
“We believe the next two cycles could be a difficult situation with year-over-year declines in units in 2022 and 2023,” he said in a note to customers on Wednesday. .. “Over the last decade, spending patterns have been fairly consistent, with iPhone revenues of one year, followed by two years.”
He only expects “modest” product changes on iPhone 13 and 14.
“The next big iPhone cycle may be the iPhone 15 in our view, which may fit in well with speculation that the foldable iPhone 15 may arrive in late 2023,” Long said. It was.
Long-rate Apple stocks are valued as equivalent weights at a price target of 138.
Apple stock called “dead money”
Evercore ISI analyst Amit Daryanani also said he believes the foldable iPhone will be the next major upgrade. Apple can use the new form factor to raise the average selling price of the iPhone, he said in a recent note to clients.
The foldable iPhone is likely to sell for about $ 2,000, according to Daryanani. The highest priced iPhone is currently priced at $ 1,400.
Daryanani rates Apple’s share price outperforming with a price target of 175.
iPhone 13 may expand the use of lidar
Meanwhile, the iPhone 13 design may not be complete until July or August, Loop Capital Markets analyst Ananda Barua said in a recent note.
“Get ready to deal with the rumored factory for steroids for the investment community,” Barua said. “Looking back at the previous S cycle, one of the obvious things was the amount of false information (no, lying), and the guesswork was considerable.”
Baruah rates Apple stock as a purchase with a price target of 160.
Bradley Gastwirth, chief technology strategist at Wedbush Securities, said in a Friday note that the biggest change in the iPhone 13 was the addition of lidar cameras to all models, not just the high-end version.
Lidar stands for “light detection and ranging” and enables depth detection in photo and video applications, including faster autofocus in dark places. In addition, it opens up new possibilities for augmented reality experiences.
Follow Patrick Seitz on Twitter. @IBD_PSeitz Read more articles on consumer technology, software and semiconductor stocks.
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Source link Apple Stock News: iPhone 12 Cycle Losing Steam; Folding iPhone Next Big Advance?