![]() ![]() The country has become one of the top-five iPhone markets over the past quarter for Apple, according to Counterpoint Research. India as a catalyst Key among Apple's diversification efforts are its plans to expand its presence in India. AAPL YTD mountain Apple (AAPL) year-to-date performance. "With Big Tech showing impressive resiliency and upticks (cloud, digital advertising, AI revolution) during earnings season the last few weeks, now the baton is handed to the tactician" CEO Steve Cook," the Wedbush analysts wrote. ![]() Analysts at JPMorgan called out "upside in several aspects of the business, as well as financial, that remain underappreciated by investors, namely the transformation of the company to services, growth in the installed base, technology leadership and optionality around capital deployment." Similarly, in a research note Wednesday, analysts at Wedbush calculated the services business to be worth $1.3 trillion to $1.4 trillion for Apple's sum-of-the parts valuation, adding that it "remains an underappreciated asset by the Street with many naysayers still not believers in the 'new Apple valuation' reset in motion." Apple's second-quarter earnings could also benefit from the catalysts that have boosted other tech firms that reported over the past month, the analysts argued. But JPMorgan argued Wednesday that Apple's "inherent diversification" makes it an "earnings compounder" with recurring revenues. Analysts on Wall Street estimate $81.7 billion in sales, which would constitute a roughly 2.3% annual decline, according to FactSet. Even as Apple has joined other Big Tech names in largely weathering economic uncertainty this year - shares are up more than 56% year-to-date - the iPhone maker is still set to post its third-consecutive quarterly revenue decline when it reports after the bell Thursday. The tech giant's rapid expansion into emerging markets like India, its diverse revenue streams and reported efforts to build out its artificial intelligence capabilities continue to make it an "own it, don't trade it" stock. Personal Loans for 670 Credit Score or LowerĪhead of Club name Apple 's (AAPL) second-quarter results Thursday, some on Wall Street have warned the company could be weighed down by weakening iPhone sales. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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