On Thursday, Apple delivered a This fall earnings beat however the inventory slid anyway as cautious buyers noticed worse than anticipated iPhone revenues. On the time of writing, inventory was down round 5% in after-hours buying and selling.
It was a gentle beat, with Apple posting $64.7 billion in comparison with the $63.70 billion Wall Road was anticipating and $0.73 earnings per share versus an estimated $0.70. Whereas Apple showcased all-time-highs in Companies and Mac divisions, iPhone revenues have been down 20 p.c year-over-year.
Usually, Apple’s This fall earnings function a little bit of a bump from the primary few days of gross sales of the brand new iPhones, however with Apple working just a few weeks behind this yr, their launches have missed the window to be included on This fall and can as a substitute all be bundled into the Q1 vacation quarter.
The iPhone 11 and iPhone 11 Professional dropped on September 20 of final yr, whereas this yr’s iPhone 12 was launched greater than a month afterward October 23, whereas the iPhone 12 Professional has nonetheless but to launch however might be obtainable November 13.
The larger query is how this delay would possibly have an effect on the corporate’s whole product launch schedule. Will the iPhone 12 and 12 Professional see a shorter life cycle than earlier fashions or will October/November be the brand new launch timeline for the corporate’s smartphones going ahead?
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