Tag Archives: aapl

How Much Did iPhone Sales Fall In Apple’s March Quarter?

Apple ( AAPL ) investors are bracing for bad news in the company’s fiscal second-quarter report due out after the market close Tuesday. Apple executives have already signaled that iPhone unit sales will fall on a year-over-year basis for the first time ever in Q2. The big money questions are: How much will iPhone sales fall and how will the product fare ahead of the fall launch of the iPhone 7? Wall Street analysts on average expect Apple to report fiscal Q2 iPhone sales of about 50 million units. That compares with 61.17 million units in the same quarter last year. “Given that Apple is nearing the end of the iPhone 6-series cycle and facing difficult iPhone comparisons, we are modeling a year-over-year decline in sales, profits and iPhone units in Q2,” Drexel Hamilton analyst Brian White said in a research note Monday. He remains positive on the stock because of the potential for upgrades around the iPhone 7 as well as an enhanced capital return program for shareholders expected to be announced Tuesday. White rates Apple stock a buy, with a price target of 200. Apple shares fell 0.7% to 104.35 on the stock market today , closing just above its 50-day moving average. White is modeling for Apple to sell 48.05 million iPhones in Q2, down 21%. He predicts that Apple will sell 39.05 million iPhones in fiscal Q3 and 42.05 million in fiscal Q4, down 18% and 12%, respectively. RBC Capital Markets analyst Amit Daryanani on Sunday reiterated his outperform rating on Apple stock with a price target of 130. He predicts that Apple sold 48.3 million iPhones in the March quarter. Cowen analyst Timothy Arcuri on Sunday maintained his outperform rating on Apple stock with a price target of 135. Arcuri is modeling for Apple to sell 47 million iPhones in fiscal Q2. He is looking for Apple to sell 44.5 million units in Q3 and 50.5 million units in Q4, down 6% and up 5%, respectively. BMO Capital Markets analyst Tim Long estimates that Apple sold 52 million iPhones in the March quarter, down 15%. For the June quarter, he sees 44 million iPhone sales, down 7%. Analysts polled by Thomson Reuters expect Apple to earn $2 a share on sales of $51.97 billion in the March quarter. On a year-over-year basis, earnings per share are forecast to fall 14% with sales down 10%. It would mark the company’s first quarterly decline in EPS in nearly three years and first drop in sales since 2003. For the current quarter, Wall Street is modeling Apple to earn $1.76 a share, down 5%, on sales of $47.32 billion, also down 5%. Image provided by Shutterstock . RELATED: Apple Q2 Earnings To Clash With New Cash Return Plan

HTC Vive Gutted: Micron Chips Stomp Facebook’s Oculus Rift

HTC Vive pummels Facebook ( FB )-owned Oculus Rift in terms of memory, but both tapped Apple ( AAPL ) supplier Texas Instruments ( TXN ) to lead their virtual reality headsets, teardowns from iFixit show . On Tuesday, iFixit unveiled its “Vive-section,” gutting HTC’s VR device to discover four Texas Instruments chips, including a variant on the 16-channel LED driver discovered inside the Rift. But the devices diverge largely on memory. Micron Technology ( MU ) supplies four Vive chips accounting for 72 megabits of flash memory vs. a single Winbond 64-MB chip supplying memory for the Rift. Vive and Rift both employ STMicroelectronics ( STM ) for an ARM-based microcontroller, and the former added in an STM transceiver for speed data transmission. Both also use a Toshiba converter. C-Media supplied an audio controller for the Vive, whereas Oculus tapped Apple supplier Cirrus Logic ( CRUS ) for the Rift audio codec. HTC chose  InvenSense ( INVN ) for its two gyroscope/accelerometer combos, vs. a Bosch Sensortec inertial sensor inside the Rift. HTC also added three NXP Semiconductors ( NXPI ) microcontrollers and a Broadcom ( AVGO ) Bluetooth smart system-on-a-chip. Nordic Semiconductor provided Bluetooth for the Rift. After broadly falling 1.3% Monday on Wall Street, IBD’s 41-company Electronic-Semiconductor Fabless industry group was up nearly 2% in afternoon trading on the stock market today . Micron stock was up more than 9.5%, after rival SK Hynix reported Q1 sales and earnings that fell sequentially and year over year in a tough DRAM (dynamic random-access memory) PC environment. NXP stock was up 4.5% after topping Q1 earnings views late Tuesday and ahead of Apple’s fiscal Q2 report late Tuesday. On Monday, NXP stock fell 1.2% on after an iFixit teardown showed Apple included Intel ( INTC ) and Broadcom inside its Retina MacBook 2016, but not NXP. Shares of fellow Apple suppliers InvenSense, Cirrus Logic and Broadcom were up a respective 4.5%, 2% and 1.5%. STMicroelectronics stock was up nearly 3%, and Texas Instruments stock was up a fraction.

Apple Supplier NXP Semiconductors Earnings Top Ahead Of Apple Report

Apple ( AAPL ) supplier NXP Semiconductors ( NXPI ) late Monday reported first-quarter earnings that fell a little less than estimates, a day before Apple itself is expected to report declining profit and a sharp drop in iPhone sales. NXP Semi gave guidance that was in line to slightly above forecasts. Earnings per share fell nearly 16% to $1.14 a share excluding various items vs. $1.35 a year earlier. Revenue, fueled by acquisitions, climbed about 52% to $2.224 billion from $1.467 billion a year earlier. Economists had expected EPS of $1.09 and sales of $2.21 billion. Comparable revenue fell 11% vs. a year earlier, NXP said, citing “semiconductor industry weakness that accelerated throughout the second half of 2015.” For Q2, NXP Semiconductors sees revenue of $2.295 billion to $2.395 billion, with the midpoint at $2.345 billion. It expects EPS of $1.30-$1.40, with the midpoint at $1.35. Analysts expected EPS of $1.32 and revenue of $2.34 billion. NXP Semiconductors is a leading chip supplier for the Apple iPhone and Samsung smartphones. But it’s also a major supplier of chips for the auto industry, especially after its recent acquisition of Freescale Semiconductor. Auto-related chip sales hit $805 million, up 167% vs. a year earlier on a reported basis, or just 1% with Freescale’s year-earlier results included. But auto-related sales should rise in the “mid- to high-single digit” percentages in Q2, NXP said in its Tuesday morning conference call. NXP is aiming for a long-term gross profit margin of 51%-55 and an operating margin above 30%. In Q1, NXP’s gross profit was 26.8% on a GAAP basis and 50% non-GAAP. Operating profit was -21.2%, or 23.3% non-GAAP. NXP shares jumped 5.3% to 87.75 in morning trade on the stock market today  after rising as high as 89.79. Shares closed down 1.2% to 83.34 on Monday, closing just above the 200-day line, where NXP has been finding support lately. Apple fell 0.5% to 104.51 intraday, after falling below its 50-day line intraday. The stock retreated 0.6% to 105.08 on Monday. Analysts expect Apple earnings to fall 14% to $2 a share and sales 10% to $51.97 billion, with iPhone unit sales down 21%. On Monday, NXP investors reacted to news that its chips are not in the latest Apple Retina MacBook, according to an iFixit teardown , after having several chips in the 2015 model.   Broadcom ( AVGO ) and Texas Instruments ( TXN ) remain big chip suppliers. Texas Instruments reports earnings on Wednesday. Texas Instruments rose 0.5% Tuesday morning while Broadcom climbed 1.4%.