We can’t write about any major tech companies without discussing the reality of the economic situation globally. As many folks brace themselves for a possible recession in the next year, it’s not uncommon to see companies reporting lower-than-expected earnings. Economic uncertaintyĮvery major global company has felt the impact of soaring inflation and rate hikes that have led to a volatile consumer market. What’s next for Apple?Īs we head into 2023, there are a few key things that we’ll be paying attention to that could possibly significantly impact the stock price for Apple. With a new EU law coming into place in 2024, Apple will have to loosen its grip on the App Store, and there are worries that this lucrative income stream could be reduced. The company charges developers a 30% commission. While this figure is not even a speeding ticket for a company worth trillions of dollars, it has opened eyes to Apple’s practices when it comes to the exclusive App Store. It came out that the Paris Commercial Court fined Apple 1 million euros for abusive commercial clauses imposed on French app developers for them to access the popular App Store. Though Apple self-driving EV vehicles have been discussed for years, and it doesn’t appear they’ll be hitting the market anytime soon. Apparently, the major issue with this ambitious project is that the technology just isn’t ready yet. Self-driving cars have been delayed until 2026Ī few weeks ago, Apple revealed that Project Titan had a delayed target date of some time in 2026 and that they would be scaling back the self-driving car production. Analysts had predicted that these issues would lead to a declined output of anywhere from 5% to 10%, with Bloomberg reporting that there could be a shortage of up to 6 million iPhone Pro units. The COVID-19 lockdown in the area also impacted the workers and production at the factory. We covered the Apple factory delays problem last month as it came out that Foxconn, the Chinese iPhone supplier, had been facing production issues with workers arguing with management regarding payments. Here’s some recent news that could impact Apple’s stock price in the near future. Apple’s stock has a 52-week high of $182.94 and a low of $129.04, with analysts expecting it to hit $176.45 within a year. 22, which means that stock is currently down about 27% for the year as many major companies have seen shares drop due to macroeconomic factors. The next earnings report from Apple won’t be coming out until sometime in late January.Īpple stock opened at $134.35 on Dec. However, it’s worth noting that Apple warned of a possible slower holiday season. What made these financial results even more impressive was that other large companies had to report lower earnings due to market conditions.
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