© Reuters UBS sees danger for Apple’s (AAPL) March quarter
UBS analysts maintained a Impartial ranking and $190 per share worth goal on Apple (NASDAQ:) in a be aware Monday, saying they see dangers for the iPhone maker’s March quarterly outcomes associated to the iPhone stock construct.
There have been “delicate demand developments” within the December quarter, with the doable iPhone stock construct a headwind for the corporate’s March quarter outcomes, defined the analysts.
“We anticipate Apple to report Dec rev roughly $1B above (~1%) our $117.8B forecast (Consensus $118.0B) pushed by 2-3M stock construct of iPhone items in China,” they wrote.
“The iPhone stock construct above sell-through helps slight EPS upside of $2.08 vs our $2.06 est and Consensus of $2.09,” they added.
Whereas the higher iPhone monetary metrics in December are a “modest aid,” said the analysts, the elevated demand in China means the danger shifts to the March quarter, and in consequence, UBS hasn’t modified its full-year forecast of 230 million items.