[Stock Prediction] How will Apple close Friday 31/01 following their earnings?

Tiger_Earnings
01-24 11:01

๐Ÿ”ฎ Click to vote! Guess how $Apple(AAPL)$ will close on Friday, January 31, following its earnings report. If you get the correct answer, you may share 1,000 Tiger Coins with other Tigers!

Apple is set to report FY25 first-quarter earnings results after market close on Thursday, January 30, 2025.

Market performance: In the fiscal quarter where December 2024 is located, iPhone sales in China plummeted by 18.2%, causing global iPhone sales to decline by 5% during the key shopping season. The new iPhone's AI upgrade functions are restricted in China, affecting its market performance and highlighting Apple's transformation in growth model and relying on traditional products to maintain expansion.

Analyst View: Jefferies analyst Edison Lee downgraded Apple's stock rating. He expects that revenue in the first fiscal quarter will be difficult to reach the growth target of 5%. The revenue guidance for the second fiscal quarter will also be lower than expected. He recommends selling the stock. Although Bank of America analysts pointed out that the cost reduction of iPhone 16 Pro Max helps increase gross margin, the cost improvement for non-Pro models is relatively small. However, based on profit margin resilience and the development of AI applications, they still maintain a "buy" rating.

Apple said on a call with analysts that it expects โ€œlow to mid-single digitโ€ sales growth during the December quarter. It also signaled that it expects services growth to be about the same as its growth rate for the past year, which was 12.87%.Apple Q1 Preview: Bracing for a Potentially Grim Outcome

๐Ÿ“ž Appleโ€™s earnings call is scheduled for January 31, 2025, at 6:00 AM SGT. Click here to set a reminder!

๐Ÿ’ฐEvent Details

  • Click to vote. Guess where $Apple(AAPL)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.

  • For example, If 10 Tigers get the right answer, each will receive 100 Tiger Coins. If 100 Tigers get the right answer, each will receive 10 Tiger Coins.

  • Reply and forward this post, share your insights about Tesla's financial reports, and you will win 5 Tiger Coins.

โฐ Event Duration

๐Ÿ“… January 24, 2025 โ€“ January 31, 2025 (4:00 AM SGT).

๐Ÿ”ฅDon't forget to follow @Tiger_Earnings, Tiger's official account for providing key information during earnings season ๐Ÿ“–๐Ÿ“–๐Ÿ“–

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