The fight for the throne of the largest listed company in the world this week has one of the most important chapters of recent months: the presentation of the quarterly accounts of Apple. The Californian firm, the most capitalized on the planet so far, will release its income statement this Thursday. And whether or not it maintains its privileged position will depend, to a large extent, on the profit figures it presents and the growth it projects.
And it is that, Nvidia step on the heels to the Cupertino firm (see chart) and is trading more closely than in recent four months to its capitalization, so a stumble with your accounts that is reflected in the stock market could cause the surprise from one to another, as happened in June.
Apple has moved negatively in recent sessions, “burdened by the declines in analyst forecasts, linked to the reduction in sales projections for the iPhone 16,” highlights Bas Kooijman, CEO and asset manager at DHF Capital SA. . However, market consensus estimates collected since Bloomberg They continue to aim for now at a profit figure of 22.5 billion euros for this quarter.
“For Apple, iPhone sales remain crucialsince they account for almost half of their income,” explains Jean-Paul van Oudheusden, market analyst at eToro, who recalls that “Apple Intelligence will launch on October 28 for English-speaking American users,” its artificial intelligence platform.
“Apple’s efforts in artificial intelligence will not provide a big boost to sales for the time being,” For their part, they warn from the department of studies and analysis of Bloomberg. “Apple’s rollout of some AI features across its major operating systems and announcement of others in December is a good first step, but an immediate rush to update Apple devices seems unlikely, and We maintain our iPhone unit growth forecast at a modest 3% for fiscal 2025. We expect a bigger push next winter, assuming these features are well advertised and available in key markets like the EU and China,” explains Anurag Rana of the US information agency.
If it manages to achieve analysts’ forecasts, Apple would be one small step closer to growing again with its annual accounts after the decline of more than one 6.5% which it registered in 2023 compared to the profits of 2022. And it would also mean a boost for its price, which has remained just 5% away – on average – from the valuations issued by analysts for the next twelve months.
In fact, if they expanded the path they give to the Californian company, its capitalization could rise above the 3.7 billion euros that they value now that they can achieve.
A figure that, for now, is very similar to what Nvidia is expected to achieve in the next twelve months. -3.6 billion euros- but that could be altered in the coming weeks. Above all, after it releases its accounts, which it will publish in mid-November, later than the rest of the large US technology companies.
The average investment firm expects profits of more than 65 billion of euros that would mean for Jen-Hsun Huang’s signature to increase by 127% its net profit.
#quarterly #results #Apple #stake #Thursday #maintain #global #leadership
