Why Gurman Thinks Apple Can Come Out On Top This Holiday Quarter And Reverse Sales Slide
Portfolio Pulse from Shanthi Rexaline
Apple Inc. (NASDAQ:AAPL) is expected to reverse its year-over-year revenue decline in the December quarter, according to Bloomberg columnist Mark Gurman. This is due to an improved supply chain and favorable comparisons with 2022’s slow shopping season. The current consensus for the December quarter is $123.5 billion, compared to last holiday season’s revenue of $117.2 billion. The company's new products, including the iPhone 15 Pro and Pro Max, are expected to drive sales this fall.
September 18, 2023 | 12:18 am
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Apple's improved supply chain and new product launches, particularly the iPhone 15 Pro and Pro Max, are expected to drive sales and reverse the company's revenue decline in the December quarter.
The news directly mentions Apple and discusses the company's potential for revenue growth in the December quarter. This is due to an improved supply chain and the launch of new products, particularly the iPhone 15 Pro and Pro Max. These factors are likely to have a positive impact on the company's stock in the short term.
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