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In a note ahead of earnings, JP Morgan analyst Samik Chatterjee says he believes Apple shares will continue to present upside, driven by a beat on consensus earnings expectations and favorable gross margin commentary. Huberty maintains her 12-month Apple price target of $200. She believes Apple shipped 83 million iPhone units during the quarter.

The analyst's expectations are largely based on unexpected improvements in iPhone production, as well as robust Services performance. She believes Apple will report revenue of $122.3 billion, gross margins of 41.9%, and EPS of $1.97. Morgan Stanley analyst Katy Huberty believes that Apple will break holiday quarter earnings and beat Wall Street expectations for the quarter, though not by a significant amount. 3, just a few days after the company's second quarter of 2022 began. It briefly hit that milestone during on Jan.

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Analyst estimates indicated that the App Store likely grew 31% year-over-year during the period reaching revenues of $5.3 billion.ДЄ new wave of Covid-19 infections driven by the more infectious Omicron variant, however, prompted Apple Store closures and a delay of Apple's return-to-office plans.Дuring the December quarter, Apple also announced other new programs and services, including a self-service repair initiative for iPhone and Mac and a cheaper $4.99 Apple Music Voice plan.ДЄpple also flirted with a $3 trillion market capitalization during the quarter.

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While lead time analysis suggests that Apple's new iPhone models largely found supply-demand balance during the period, supply of the company's new M1 Max and M1 Pro remained constrained in Q1 2022.ДЄlthough antitrust legislation and ongoing legal battles loomed over the App Store during the December quarter, the app marketplace still likely saw robust growth. Supply issues were felt differently across product lineups during the quarter, however. Heading into the December quarter, Apple advised that it expected those supply headwinds could have a larger impact. Apple also launched its new 14-inch MacBook Pro and 16-inch MacBook Pro models with M1 Max and M1 Pro.Д«ack in the September quarter, Apple noted that it had missed out on $6 billion of revenue because of semiconductor constraints and supply chain problems.

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The December quarter marked the first full quarter of availability for which Apple's iPhone 13 and iPhone 13 Pro. Wall Street is forecasting that Apple will report $118.3 billion in revenue, gross margins of 40.5%, and earnings-per-share of $1.89. However, it did say that it expects to set new revenue records despite increasing supply headwinds during the period. That means the company's Q1 2022 represented the holiday shopping quarter - Apple's busiest.ДЄs has been typical during the Covid-19 pandemic, Apple did not provide formal revenue guidance for the Q1 2022 quarter. During the call, Apple CEO Tim Cook and CFO Luca Maestri will take questions from analysts and discuss the company's holiday quarter performance.ДЄpple's first fiscal quarter corresponds with the fourth calendar quarter of a year. 27 and hold an hourlong investor call at 2 p.m. Apple should definitely tout this compatibility.The company will announce its Q1 2022 results on Jan.

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Most of my colleagues overseas use PC laptops - when we send files back and forth or work live there are no issues.

GROSS BEAT MAC FOR MAC

Interesting observation, wonder if they know that Office is available for Mac and also via web / annual subscription? I use Office apps on my Mac all the time with no issue. Apple should do more to promote their Office-likeВ software,В and the interoperability with iPhone and iPad to attract these types.В Of course I am not including gamers here, even I use a PC for games which is a shame, if only triple A games ran in Apple Silicon! But, that's another discussion. The thing is, I suspect none of them really use Office for much as they are retired, it's just that's all they know. When I ask why still a PC? It's invariably because they 'use' Office. Interestingly, I come across many proud, self-proclaimed Apple users now who see that as meaning they have an iPhone and an iPad, not a Mac. So thereвЂ™s still plenty of room for Apple to gain a bigger slice of the overall expanding pie.

Rarely see droid phones or watches, even though droid phones dominate worldwide, mostly out of necessity, and same for PCs. And while I may live in a very affluent area I notice more or less the same wherever I go.ДЄnd of course thatвЂ™s only whatвЂ™s obvious in the wild.

AppleWatch, AirPods, iPhones, MacBooks everywhere (here in the US at least). $250 (unless all hell breaks loose in Ukraine)ДЄll one has to do is look around.

Gross beat mac