Either way it’s good._老虎社区_美港股上老虎

2021-04-30

Either way it’s good.

Apple Earnings Were Spectacular. Why Its Stock Dropped.<blockquote>苹果的收益非常惊人。其股价为何下跌。</blockquote>

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":103351389,"tweetId":"103351389","gmtCreate":1619750147941,"gmtModify":1634210182609,"author":{"id":3578815851933102,"idStr":"3578815851933102","authorId":3578815851933102,"authorIdStr":"3578815851933102","name":"Yani94","avatar":"https://static.tigerbbs.com/574b6d895fae79decd3eed14879f3195","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":14,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body>Either way it’s good.&nbsp;</body></html>","htmlText":"<html><head></head><body>Either way it’s good.&nbsp;</body></html>","text":"Either way it’s good.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/103351389","repostId":1115694402,"repostType":4,"repost":{"id":"1115694402","kind":"news","pubTimestamp":1619748326,"share":"https://www.laohu8.com/m/news/1115694402?lang=zh_CN&edition=full","pubTime":"2021-04-30 10:05","market":"us","language":"en","title":"Apple Earnings Were Spectacular. Why Its Stock Dropped.<blockquote>苹果的收益非常惊人。其股价为何下跌。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1115694402","media":"Barrons","summary":"Apple reported an insanely great March quarter, with revenues and profits far higher than expected. ","content":"Apple reported an insanely great March quarter, with revenues and profits far higher than expected. It exceeded expectations in every product line and in every geography. And to top things off, Apple raised its dividend by 7%, while increasing its stock repurchase plan by $90 billion.<blockquote>苹果公布的三月份季度业绩非常出色，收入和利润远高于预期。它在每个产品线和每个地区都超出了预期。最重要的是，苹果将股息提高了 7%，同时将股票回购计划增加了 900 亿美元。</blockquote> At least a dozen analysts raised their targets for the stock price (ticker: AAPL) on Thursday, and every single one of them raised their earnings estimates in response to the results. Goldman Sachs analyst Rod Hall, long one of the most prominent&nbsp;Apple bears, threw in the towel, raising his rating to Neutral from Sell. His previous view that iPhone sales would disappoint during the pandemic was “clearly wrong,” he wrote.<blockquote>周四，至少有十几位分析师上调了股价（股票代码：AAPL）的目标，并且每位分析师都根据业绩上调了盈利预期。长期以来，苹果最著名的看空者之一高盛分析师罗德·霍尔认输了，将他的评级从卖出上调至中性。他写道，他之前认为 iPhone 销量会在大流行病期间令人失望的观点 “显然是错误的”。</blockquote> Apple reported growth of 66% in iPhone sales, 70% for Macs, 79% for iPads, and 25% for Wearables, with 27% growth in Services. The company posted 56% growth in Europe, and a remarkable 88% in China.<blockquote>苹果报告称，iPhone 销量增长了 66%，Mac 增长了 70%，iPad 增长了 79%，可穿戴设备增长了 25%，其中服务增长了 27%。该公司在欧洲增长了 56%，在中国增长了 88%。</blockquote> It was pretty obvious heading into the quarter that estimates were too low, but the fact that the stock finished roughly unchanged on the day, with a loss of 0.1% to $133.15, no doubt has some bulls a little perplexed. One obvious question is what can Apple do as an encore?<blockquote>很明显，进入本季度后，预期过低，但该股当天收盘基本没有变化，下跌 0.1%，至 133.15 美元，这一事实无疑让一些多头有点困惑。一个显而易见的问题是，作为安可，苹果能做什么？</blockquote> Bernstein analyst Toni Sacconaghi called the quarter was “an absolute blowout,” but said the numbers may have been too good, creating difficult comparisons in every business category for fiscal 2022. He predicted that revenues will be slightly lower in fiscal 2022 than in 2021, and warned that something worse is possible.<blockquote>伯恩斯坦公司（Bernstein）分析师托尼-萨科纳吉（Toni Sacconaghi）称本季度 “绝对是井喷”，但他表示，这些数字可能太好了，给 2022 财年的每个业务类别带来了困难的比较。他预测 2022 财年的收入将略低于 2021 财年，并警告说情况可能会更糟。</blockquote> “Will there be a trough on the other side as Covid-driven wallet share shifts return to normal?” Sacconaghi wrote. “We think the answer is unequivocally yes. It’s just hard to know when and how big that trough might be. We believe that iPad and Mac strength could persist for the next two quarters, but even if the WFH trend persists, we doubt the surge will rival this year’s.”<blockquote>“随着 Covid 驱动的钱包份额转变恢复正常，另一边会出现低谷吗？”萨科纳吉写道。“我们认为答案是肯定的。只是很难知道这个低谷会在什么时候出现，会有多大。我们相信，iPad 和 Mac 的强劲势头可能会在未来两个季度持续下去，但即使居家办公的趋势持续下去，我们也怀疑这种激增能否与今年相媲美。”</blockquote> He has similar concerns about the services business. The strength in sales of iPhones, he said, was mostly due to the timing of the launch of the iPhone 12 and pent-up demand following two weak sales years.<blockquote>他对服务业也有类似的担忧。他表示，iPhone 销售的强劲主要是由于 iPhone 12 的推出时机以及两年销售疲软后被压抑的需求。</blockquote> “Net, we forecast Apple will grow revenues a stunning 32% this year, versus. our view of normalized growth in the mid-single digits. In short, FY22 could be very tough,“ Sacconaghi wrote. He kept his rating on the stock at Market Perform.<blockquote>萨科纳吉写道：“净，我们预测苹果今年的收入将增长惊人的 32%，而我们认为正常化增长将达到个位数。简而言之，22 财年可能会非常艰难。他维持了对该股的市场表现评级。</blockquote> Goldman’s Hal conceded that he has been on the wrong side of the stock. “Not only has Apple done better than we expected on iPhone during the cycle but Mac and iPad have also materially outperformed our forecasts,” he wrote. “iPad demand is so strong that the company believes they will leave $3 billion to $4 billion of revenue on the table in [the June quarter]. With this kind of demand backlog and a very difficult re-opening forecasting environment, we are moving to the sidelines here.”<blockquote>高盛的哈尔承认，他一直站在了股票的错误一边。“他写道：”在本周期中，苹果在 iPhone 上的表现不仅好于我们的预期，而且 Mac 和 iPad 的表现也大大超出了我们的预测。“iPad 的需求如此强劲，以至于该公司认为他们将在（6 月份的季度）留下 30 亿至 40 亿美元的收入。在这种需求积压和非常困难的重新开业预测环境下，我们将退居幕后。”</blockquote> Hall, too, expects a decline at the top line in fiscal 2022.<blockquote>霍尔也预计 2022 财年营收将下降。</blockquote> Cowen’s Krish Sankar is more upbeat. He repeated an Outperform rating on the stock and lifted his target for the price to $180, from $153. Sankar said in a research note that iPhone growth expectations remain on track and that Apple could sell more Macs and iPads when shortages of components are resolved.<blockquote>Cowen 的 Krish Sankar 则更加乐观。他重申了该股跑赢大盘的评级，并将目标价从 153 美元上调至 180 美元。桑卡尔在一份研究报告中表示，iPhone 的增长预期仍在正轨上，当零部件短缺问题得到解决时，苹果可能会销售更多 Mac 和 iPad。</blockquote> “Apple remains our top idea as we think the hardware business is still in the early parts of a multi-year growth cycle aided by product refreshes and work from home/hybrid work environments,”Sankar wrote. Demand in China has bounced back while India represents an untapped opportunity, he said.<blockquote>“桑卡尔写道：”苹果仍然是我们的首选，因为我们认为，在产品更新和在家工作/混合工作环境的帮助下，硬件业务仍处于多年增长周期的早期阶段。他说，中国的需求已经反弹，而印度代表着一个尚未开发的机会。</blockquote> “In services, total paid subscriptions growth is a positive for Apple’s recurring revenue streams, and should drive services [profits] to exceed iPhone in FY22,” he wrote.<blockquote>“他写道：”在服务方面，付费订阅总量的增长对苹果的经常性收入流来说是一个积极因素，并将推动服务[利润]在 22 财年超过 iPhone。</blockquote> Morgan Stanley analyst Katy Huberty said there is more strong growth ahead. For weeks now, her estimates for this year and next year have been ahead of the Street, and she thinks the consensus is now going to catch up, with strength across the portfolio, and, in particular, backlog growth for both Macs and iPads.<blockquote>摩根士丹利分析师凯蒂·休伯蒂表示，未来增长将更加强劲。几个星期以来，她对今年和明年的预测一直领先于华尔街，她认为随着整个产品组合的强劲增长，尤其是 Mac 和 iPad 的积压订单增长，共识现在将会迎头赶上。</blockquote> Huberty said the company can increase revenue 4% in fiscal 2022 even relative to a strong performance in fiscal 2021. Growth could be 8% in fiscal 2023. She kept an Overweight rating on the stock and raised her target for the price to $161, from $158.<blockquote>休伯蒂表示，即使相对于 2021 财年的强劲表现，该公司 2022 财年的收入也可以增加 4%。2023 财年增长率可能为 8%。她维持该股的跑赢大盘评级，并将目标价从 158 美元上调至 161 美元。</blockquote>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Earnings Were Spectacular. Why Its Stock Dropped.<blockquote>苹果的收益非常惊人。其股价为何下跌。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Earnings Were Spectacular. Why Its Stock Dropped.<blockquote>苹果的收益非常惊人。其股价为何下跌。</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nBarrons2021-04-30 10:05\n\n</h4>\n</header>\n<article>\nApple reported an insanely great March quarter, with revenues and profits far higher than expected. It exceeded expectations in every product line and in every geography. And to top things off, Apple raised its dividend by 7%, while increasing its stock repurchase plan by $90 billion.<blockquote>苹果公布的三月份季度业绩非常出色，收入和利润远高于预期。它在每个产品线和每个地区都超出了预期。最重要的是，苹果将股息提高了 7%，同时将股票回购计划增加了 900 亿美元。</blockquote> At least a dozen analysts raised their targets for the stock price (ticker: AAPL) on Thursday, and every single one of them raised their earnings estimates in response to the results. Goldman Sachs analyst Rod Hall, long one of the most prominent&nbsp;Apple bears, threw in the towel, raising his rating to Neutral from Sell. His previous view that iPhone sales would disappoint during the pandemic was “clearly wrong,” he wrote.<blockquote>周四，至少有十几位分析师上调了股价（股票代码：AAPL）的目标，并且每位分析师都根据业绩上调了盈利预期。长期以来，苹果最著名的看空者之一高盛分析师罗德·霍尔认输了，将他的评级从卖出上调至中性。他写道，他之前认为 iPhone 销量会在大流行病期间令人失望的观点 “显然是错误的”。</blockquote> Apple reported growth of 66% in iPhone sales, 70% for Macs, 79% for iPads, and 25% for Wearables, with 27% growth in Services. The company posted 56% growth in Europe, and a remarkable 88% in China.<blockquote>苹果报告称，iPhone 销量增长了 66%，Mac 增长了 70%，iPad 增长了 79%，可穿戴设备增长了 25%，其中服务增长了 27%。该公司在欧洲增长了 56%，在中国增长了 88%。</blockquote> It was pretty obvious heading into the quarter that estimates were too low, but the fact that the stock finished roughly unchanged on the day, with a loss of 0.1% to $133.15, no doubt has some bulls a little perplexed. One obvious question is what can Apple do as an encore?<blockquote>很明显，进入本季度后，预期过低，但该股当天收盘基本没有变化，下跌 0.1%，至 133.15 美元，这一事实无疑让一些多头有点困惑。一个显而易见的问题是，作为安可，苹果能做什么？</blockquote> Bernstein analyst Toni Sacconaghi called the quarter was “an absolute blowout,” but said the numbers may have been too good, creating difficult comparisons in every business category for fiscal 2022. He predicted that revenues will be slightly lower in fiscal 2022 than in 2021, and warned that something worse is possible.<blockquote>伯恩斯坦公司（Bernstein）分析师托尼-萨科纳吉（Toni Sacconaghi）称本季度 “绝对是井喷”，但他表示，这些数字可能太好了，给 2022 财年的每个业务类别带来了困难的比较。他预测 2022 财年的收入将略低于 2021 财年，并警告说情况可能会更糟。</blockquote> “Will there be a trough on the other side as Covid-driven wallet share shifts return to normal?” Sacconaghi wrote. “We think the answer is unequivocally yes. It’s just hard to know when and how big that trough might be. We believe that iPad and Mac strength could persist for the next two quarters, but even if the WFH trend persists, we doubt the surge will rival this year’s.”<blockquote>“随着 Covid 驱动的钱包份额转变恢复正常，另一边会出现低谷吗？”萨科纳吉写道。“我们认为答案是肯定的。只是很难知道这个低谷会在什么时候出现，会有多大。我们相信，iPad 和 Mac 的强劲势头可能会在未来两个季度持续下去，但即使居家办公的趋势持续下去，我们也怀疑这种激增能否与今年相媲美。”</blockquote> He has similar concerns about the services business. The strength in sales of iPhones, he said, was mostly due to the timing of the launch of the iPhone 12 and pent-up demand following two weak sales years.<blockquote>他对服务业也有类似的担忧。他表示，iPhone 销售的强劲主要是由于 iPhone 12 的推出时机以及两年销售疲软后被压抑的需求。</blockquote> “Net, we forecast Apple will grow revenues a stunning 32% this year, versus. our view of normalized growth in the mid-single digits. In short, FY22 could be very tough,“ Sacconaghi wrote. He kept his rating on the stock at Market Perform.<blockquote>萨科纳吉写道：“净，我们预测苹果今年的收入将增长惊人的 32%，而我们认为正常化增长将达到个位数。简而言之，22 财年可能会非常艰难。他维持了对该股的市场表现评级。</blockquote> Goldman’s Hal conceded that he has been on the wrong side of the stock. “Not only has Apple done better than we expected on iPhone during the cycle but Mac and iPad have also materially outperformed our forecasts,” he wrote. “iPad demand is so strong that the company believes they will leave $3 billion to $4 billion of revenue on the table in [the June quarter]. With this kind of demand backlog and a very difficult re-opening forecasting environment, we are moving to the sidelines here.”<blockquote>高盛的哈尔承认，他一直站在了股票的错误一边。“他写道：”在本周期中，苹果在 iPhone 上的表现不仅好于我们的预期，而且 Mac 和 iPad 的表现也大大超出了我们的预测。“iPad 的需求如此强劲，以至于该公司认为他们将在（6 月份的季度）留下 30 亿至 40 亿美元的收入。在这种需求积压和非常困难的重新开业预测环境下，我们将退居幕后。”</blockquote> Hall, too, expects a decline at the top line in fiscal 2022.<blockquote>霍尔也预计 2022 财年营收将下降。</blockquote> Cowen’s Krish Sankar is more upbeat. He repeated an Outperform rating on the stock and lifted his target for the price to $180, from $153. Sankar said in a research note that iPhone growth expectations remain on track and that Apple could sell more Macs and iPads when shortages of components are resolved.<blockquote>Cowen 的 Krish Sankar 则更加乐观。他重申了该股跑赢大盘的评级，并将目标价从 153 美元上调至 180 美元。桑卡尔在一份研究报告中表示，iPhone 的增长预期仍在正轨上，当零部件短缺问题得到解决时，苹果可能会销售更多 Mac 和 iPad。</blockquote> “Apple remains our top idea as we think the hardware business is still in the early parts of a multi-year growth cycle aided by product refreshes and work from home/hybrid work environments,”Sankar wrote. Demand in China has bounced back while India represents an untapped opportunity, he said.<blockquote>“桑卡尔写道：”苹果仍然是我们的首选，因为我们认为，在产品更新和在家工作/混合工作环境的帮助下，硬件业务仍处于多年增长周期的早期阶段。他说，中国的需求已经反弹，而印度代表着一个尚未开发的机会。</blockquote> “In services, total paid subscriptions growth is a positive for Apple’s recurring revenue streams, and should drive services [profits] to exceed iPhone in FY22,” he wrote.<blockquote>“他写道：”在服务方面，付费订阅总量的增长对苹果的经常性收入流来说是一个积极因素，并将推动服务[利润]在 22 财年超过 iPhone。</blockquote> Morgan Stanley analyst Katy Huberty said there is more strong growth ahead. For weeks now, her estimates for this year and next year have been ahead of the Street, and she thinks the consensus is now going to catch up, with strength across the portfolio, and, in particular, backlog growth for both Macs and iPads.<blockquote>摩根士丹利分析师凯蒂·休伯蒂表示，未来增长将更加强劲。几个星期以来，她对今年和明年的预测一直领先于华尔街，她认为随着整个产品组合的强劲增长，尤其是 Mac 和 iPad 的积压订单增长，共识现在将会迎头赶上。</blockquote> Huberty said the company can increase revenue 4% in fiscal 2022 even relative to a strong performance in fiscal 2021. Growth could be 8% in fiscal 2023. She kept an Overweight rating on the stock and raised her target for the price to $161, from $158.<blockquote>休伯蒂表示，即使相对于 2021 财年的强劲表现，该公司 2022 财年的收入也可以增加 4%。2023 财年增长率可能为 8%。她维持该股的跑赢大盘评级，并将目标价从 158 美元上调至 161 美元。</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://www.barrons.com/articles/apples-spectacular-earnings-arent-lifting-the-stock-the-worry-is-growth-51619725137?mod=RTA\">Barrons</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/apples-spectacular-earnings-arent-lifting-the-stock-the-worry-is-growth-51619725137?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115694402","content_text":"Apple reported an insanely great March quarter, with revenues and profits far higher than expected. It exceeded expectations in every product line and in every geography. And to top things off, Apple raised its dividend by 7%, while increasing its stock repurchase plan by $90 billion.\nAt least a dozen analysts raised their targets for the stock price (ticker: AAPL) on Thursday, and every single one of them raised their earnings estimates in response to the results. Goldman Sachs analyst Rod Hall, long one of the most prominent Apple bears, threw in the towel, raising his rating to Neutral from Sell. His previous view that iPhone sales would disappoint during the pandemic was “clearly wrong,” he wrote.\nApple reported growth of 66% in iPhone sales, 70% for Macs, 79% for iPads, and 25% for Wearables, with 27% growth in Services. The company posted 56% growth in Europe, and a remarkable 88% in China.\nIt was pretty obvious heading into the quarter that estimates were too low, but the fact that the stock finished roughly unchanged on the day, with a loss of 0.1% to $133.15, no doubt has some bulls a little perplexed. One obvious question is what can Apple do as an encore?\nBernstein analyst Toni Sacconaghi called the quarter was “an absolute blowout,” but said the numbers may have been too good, creating difficult comparisons in every business category for fiscal 2022. He predicted that revenues will be slightly lower in fiscal 2022 than in 2021, and warned that something worse is possible.\n“Will there be a trough on the other side as Covid-driven wallet share shifts return to normal?” Sacconaghi wrote. “We think the answer is unequivocally yes. It’s just hard to know when and how big that trough might be. We believe that iPad and Mac strength could persist for the next two quarters, but even if the WFH trend persists, we doubt the surge will rival this year’s.”\nHe has similar concerns about the services business. The strength in sales of iPhones, he said, was mostly due to the timing of the launch of the iPhone 12 and pent-up demand following two weak sales years.\n“Net, we forecast Apple will grow revenues a stunning 32% this year, versus. our view of normalized growth in the mid-single digits. In short, FY22 could be very tough,“ Sacconaghi wrote. He kept his rating on the stock at Market Perform.\nGoldman’s Hal conceded that he has been on the wrong side of the stock. “Not only has Apple done better than we expected on iPhone during the cycle but Mac and iPad have also materially outperformed our forecasts,” he wrote. “iPad demand is so strong that the company believes they will leave $3 billion to $4 billion of revenue on the table in [the June quarter]. With this kind of demand backlog and a very difficult re-opening forecasting environment, we are moving to the sidelines here.”\nHall, too, expects a decline at the top line in fiscal 2022.\nCowen’s Krish Sankar is more upbeat. He repeated an Outperform rating on the stock and lifted his target for the price to $180, from $153. Sankar said in a research note that iPhone growth expectations remain on track and that Apple could sell more Macs and iPads when shortages of components are resolved.\n“Apple remains our top idea as we think the hardware business is still in the early parts of a multi-year growth cycle aided by product refreshes and work from home/hybrid work environments,”Sankar wrote. Demand in China has bounced back while India represents an untapped opportunity, he said.\n“In services, total paid subscriptions growth is a positive for Apple’s recurring revenue streams, and should drive services [profits] to exceed iPhone in FY22,” he wrote.\nMorgan Stanley analyst Katy Huberty said there is more strong growth ahead. For weeks now, her estimates for this year and next year have been ahead of the Street, and she thinks the consensus is now going to catch up, with strength across the portfolio, and, in particular, backlog growth for both Macs and iPads.\nHuberty said the company can increase revenue 4% in fiscal 2022 even relative to a strong performance in fiscal 2021. Growth could be 8% in fiscal 2023. She kept an Overweight rating on the stock and raised her target for the price to $161, from $158.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2205,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":18,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/103351389"}