When Apple reports results on Tuesday, investors will seek insight into upcoming new iPhones and how the current flagship iPhone X is performing.
They also want executives’ latest thoughts on the growing trade dispute between the US and China.
The California-based technology giant is expected to announce fiscal third-quarter revenue of $52.3 billion, according to analyst estimates compiled by Bloomberg. That’s in line with the company’s recent forecast and translates to year-over-year revenue growth of about 15 per cent, the strongest for Apple’s June quarter since 2015. Higher iPhone average selling prices, increased services revenue, and unit sales growth for the Apple Watch should drive the expansion, analysts say.
Apple sold about 41.8 million iPhones in the third quarter, up almost 2 per cent from a year earlier, according to Toni Sacconaghi, an analyst at Sanford C Bernstein. Because of the $1,000 iPhone X starting price, analysts on average are expecting iPhone revenue to grow about 17 per cent year-over-year, Mr Sacconaghi said in a recent note. He’s looking for an average iPhone price of $690, up from $606 in the year-ago quarter.
Steady sales growth like this suggests consumers are still buying iPhones despite expectations that Apple, for the sixth year in a row, will revamp its smartphone line-up in or around September.
Investors and analysts will also be closely watching Apple’s fiscal fourth-quarter outlook. This is the period when new iPhones are often unveiled. Analysts see September quarter revenue of about $59.5bn, which would represent 15 per cent year-over-year growth.
Apple’s fourth-quarter forecast will give clues to when the new iPhones will debut, according to Shannon Cross of Cross Research. Last year, the iPhone X was unveiled in November, later than usual.
"We’re looking for 3 per cent growth this quarter, 1 percent growth next quarter, and flat growth next year, leading analysts to model for the iPhone growth story coming to a close," said Gene Munster, a veteran Apple analyst and co-founder of Loup Ventures. He sees annual iPhone unit growth of zero to 5 per cent for the next several years.
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Apple’s Services division is expected to pick up the growth baton from iPhones. The company wants Services to be a $50bn business in coming years, and analysts are expecting revenue from this business to top $9bn in the fiscal third quarter, according to Bernstein research.
Apple Music streaming subscriptions and App Store sales should power services growth in 2019. Beyond that, the company’s impending online video offering may bolster the division’s expansion, Mr Munster said.
While Apple is expected to report solid revenue growth, the Trump administration’s simmering trade war with China looms over the company. While products like the iPhone and iPad are designed in the US, they are assembled in China-based factories run by the likes of Hon Hai Precision Industry and Pegatron.
So far, Apple has not publicly been affected by tariffs, and chief executive Tim Cook has expressed optimism about Apple’s fortunes. Still, the executive told US President Donald Trump earlier this year that tariffs "were not the right approach". Analysts will likely ask the CEO about this on Tuesday.
"Apple is going to have to address trade during the earnings call, especially given their extensive involvement in the Chinese supply chain," Ms Cross said. "My guess is that they will emphasize the investments they’re making in the US as that could be their best angle here."
Analysts differ on iPad performance in the fiscal third quarter. Cross Research is predicting iPad unit sales of 12.1 million, while Bernstein sees 10 million. Apple rebooted its iPad strategy recently to focus on high-end Pro models and cheaper versions geared toward the education market.
The company plans new iPad Pros with iPhone X features this year. That could boost iPad sales in the fiscal fourth quarter and the upcoming holiday quarter, depending on when in 2018 the devices are upgraded. Bernstein is predicting an iPad average selling price of $440 in the fiscal fourth quarter, suggesting the cheaper models will be more popular. IPad Pro prices range from $649 to $1,279, while the low-cost model ranges from $329 to $559.
Apple’s Other Products segment, one of the company’s fastest growing, includes the Apple Watch, AirPods, HomePod, Apple TV, and accessories like the iPad’s detachable keyboard. Bernstein expects revenue from the category to jump 40 percent year-over-year to $3.8bn in the fiscal third quarter. The company is planning its first full Apple Watch redesign and new AirPods later this year, Bloomberg News has reported.
EPL's youngest
- Ethan Nwaneri (Arsenal)
15 years, 181 days old
- Max Dowman (Arsenal)
15 years, 235 days old
- Jeremy Monga (Leicester)
15 years, 271 days old
- Harvey Elliott (Fulham)
16 years, 30 days old
- Matthew Briggs (Fulham)
16 years, 68 days old
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Killing of Qassem Suleimani
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
SPECS
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Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi
Yadoo’s House Restaurant & Cafe
For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread.
Golden Dallah
For the cappuccino, luqaimat and aseeda.
Al Mrzab Restaurant
For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce.
Al Derwaza
For the fish hubul, regag bread, biryani and special seafood soup.
The five pillars of Islam
RESULTS
Main card
Bantamweight 56.4kg: Mehdi Eljamari (MAR) beat Abrorbek Madiminbekov (UZB), Split points decision
Super heavyweight 94 kg: Adnan Mohammad (IRN) beat Mohammed Ajaraam (MAR), Split points decision
Lightweight 60kg: Zakaria Eljamari (UAE) beat Faridoon Alik Zai (AFG), RSC round 3
Light heavyweight 81.4kg: Taha Marrouni (MAR) beat Mahmood Amin (EGY), Unanimous points decision
Light welterweight 64.5kg: Siyovush Gulmamadov (TJK) beat Nouredine Samir (UAE), Unanimous points decision
Light heavyweight 81.4kg: Ilyass Habibali (UAE) beat Haroun Baka (ALG), KO second round
How to get there
Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
The specs
Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
UAE currency: the story behind the money in your pockets
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%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%20four-cyl%20turbo%20%2B%20mild%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E204hp%20at%205%2C800rpm%20%2B23hp%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C800rpm%20%2B205Nm%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E9-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E7.3L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENovember%2FDecember%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh205%2C000%20(estimate)%3C%2Fp%3E%0A
UAE SQUAD
Goalkeepers: Ali Khaseif, Fahad Al Dhanhani, Mohammed Al Shamsi, Adel Al Hosani
Defenders: Bandar Al Ahbabi, Shaheen Abdulrahman, Walid Abbas, Mahmoud Khamis, Mohammed Barghash, Khalifa Al Hammadi, Hassan Al Mahrami, Yousef Jaber, Salem Rashid, Mohammed Al Attas, Alhassan Saleh
Midfielders: Ali Salmeen, Abdullah Ramadan, Abdullah Al Naqbi, Majed Hassan, Yahya Nader, Ahmed Barman, Abdullah Hamad, Khalfan Mubarak, Khalil Al Hammadi, Tahnoun Al Zaabi, Harib Abdallah, Mohammed Jumah, Yahya Al Ghassani
Forwards: Fabio De Lima, Caio Canedo, Ali Saleh, Ali Mabkhout, Sebastian Tagliabue, Zayed Al Ameri
War 2
Director: Ayan Mukerji
Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana
Rating: 2/5
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
