According to foreign media Appleinsider, Cowen, an investment bank, expects Apple’s September quarterly earnings report to be consistent with the Wall Street consensus. In a note to investors seen by Appleinsider, Cowen analyst Krish Sankar predicted that Apple’s revenue in the fourth quarter of 2020 would reach $64.9 billion, with earnings per share of $0.72. This may be mainly driven by the continued demand for Macs and iPads driven by telecommuting and education during the new crown pandemic. < / P > < p > although Sankar does not necessarily expect apple to issue formal guidance for the upcoming December quarter, the analyst expects the company to “provide more credible content” for this period on the October 29 earnings call. Looking ahead, Sankar expects a stronger December quarter, with sales expected to grow 48% from the previous quarter. The analyst predicted that Apple could ship 70 million iPhones or more in the December quarter, up sharply from the 40 million expected during the fourth quarter of 2020. < / P > < p > recent fieldwork by the investment bank also shows that strong pre order demand for the iPhone 12 has led to an increase in the number of manufactured iPhones to 76 million units. “We expect healthy holiday demand from the & ා 12 – ා 39; and believe in the upward potential of cy21 brought about by the 5g upgrade cycle and the moderate share growth that may be gained in China… The market has not yet fully discounted,” Sankar wrote. In addition, sales of the iPhone 12 will be zero in Thursday’s fourth quarter earnings report. Instead, they will all appear in the first quarter of Apple’s fiscal year of 2021, which begins on October 1, well before the iPhone 12 announcement. < p > < p > the gross margin of Apple’s iPhone 12 is not expected to change much, although the bill of materials costs of the new 5g model are higher than those of the past. Sankar points out that the overall higher pricing of the series will offset this cost. < / P > < p > in terms of services, Cowen predicts that new subscription bundle options and Apple TV + anniversary will sustain service growth. For quality streaming services, Sankar said adding production activities and broader content will be key to the continued success of the service. However, the analyst pointed out that antitrust litigation against Google could pose a risk to Apple’s revenue. Cowen estimates that Google pays Apple about $8 billion to $9 billion a year in licensing fees related to Google’s top position on IOS devices, and the loss of revenue could be felt in 2021. < / P > < p > it is not clear why Sankar thinks 2021 will be affected, if any. Trials may not begin until the end of 2021 at the earliest, and any resolution affecting the deal will take years to fully develop. < / P > < p > Sankar maintains its 12-month AAPL target price of $133, based on 25 times profit multiple for Apple’s core business and 41 times profit multiple for regular services. As a result, it expects AAPL’s 2021 earnings per share of $4.23 at a mixed P / E ratio of 32 times. [image] Google secretly tests 6GHz networks in 17 states of the United States

By ibmwl