While industry observers are clearly seeing a short-term financial and business impact from the coronavirus outbreak in China, the first analysts chiming in on the situation don't have long-term concerns surrounding Apple's financial prospects.
Apple's holiday quarter financial results will be revealed on Tuesday, with iPhone 11 sales likely to be the biggest topic of interest. Here are what some of the analysts monitoring the iPhone maker expect will be revealed during the filing and following conference call.
The growth of the wearable devices market could lead Apple to earn more than simply Apple Watch sales, suggests Loup Ventures, with the opportunity for data collected by it and potential future AirPod models to be offered to members of the healthcare industry for a monthly fee.
Apple Pay is continuing to grow as a major player in the mobile payments market thanks to its loyal users, Loup Ventures notes, estimating that 43 percent of all iPhone users around the world have enabled Apple Pay on their devices.
Siri on HomePod improved its standing in an annual smart speaker comparison carried out by analyst Gene Munster's Loup Ventures, with Apple's virtual assistant weathering a barrage of accuracy tests to place second behind Google Assistant.
Analysts are continuing to weigh in on the future of Apple's growth following the company's most-recent quarterly report, with Guggenheim Securities claiming the push for higher iPhone ASPs isn't enough, while Loup Ventures insists investors should shift to thinking of "Apple as a Service" rather than a traditional hardware producer.
Apple's quarterly results report arriving on Thursday should encourage a great December quarter, both Loup Ventures and UBS suggest, with the average selling price of iPhones anticipated to grow for the important holiday shopping period.
The Apple special event went "largely as expected," claims Loup Ventures analyst Gene Munster, but announcements made during the presentation, such as the launch of the iPad Pro, were "incrementally positive" to Apple's overall story.
Investment bank JP Morgan on Thursday initiated coverage on shares of Apple with an "Overweight" rating and $272 price target, saying it sees "considerable upside" for the company based on its leadership position in the smartphone market and the services it uses to amplify those revenues.
if you slept in this morning and didn't get a pre-order of the iPhone XS Max in within minutes of opening, you won't have to wait as long to get your order this year, if Gene Munster's numbers are correct.
Analyst Gene Munster sees Apple Pay as an increasingly important part of Apple's services category, which has enjoyed record-breaking growth over the past few quarters, estimating the payment solution now has 253 million users worldwide.
Apple TrueDepth parts supplier Lumentum reported better than expected results for the June quarter, with anticipated order volume suggesting the depth-sensing camera system will arrive on three new iPhone models this year, according to analyst predictions.
Apple could release a highly rumored augmented reality wearable in 2021, according to a note from Loup Ventures analyst Gene Munster discussing product categories the iPhone producer could pursue, with the rumored 'Apple Glasses' predicted to sell over 10 million units in its first year.