Arm Holdings Expected To Report Strong Earnings On Back Of Android Demand, While Apple Supplier Faces Risks Amid China Slowdown
Portfolio Pulse from Rounak Jain
Arm Holdings Plc. (NASDAQ:ARM) is expected to report strong December quarter earnings, driven by sustained Android demand. KeyBanc Capital Markets highlights the company's potential gains from Android phone makers' strength. Despite Samsung's (OTCPK: SSNLF) loss to Apple (NASDAQ:AAPL) in the smartphone market, Arm's AI-focused launches and the demand for Android devices are positive indicators. Qualcomm Inc. (NASDAQ:QCOM) is also in focus with its Snapdragon 8 Gen 3 chipset powering new flagship Android phones. Meanwhile, Apple faces challenges in China, impacting its supplier Cirrus Logic Inc. (NASDAQ:CRUS) due to a slowdown and competition from Huawei.
February 06, 2024 | 11:29 am
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NEGATIVE IMPACT
Apple faces challenges in China, impacting its sales guidance and potentially affecting its stock due to competition from Huawei and a market slowdown.
Apple's conservative guidance for the March quarter and challenges in China, including competition from Huawei, are likely to keep its stock range-bound in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 85
NEGATIVE IMPACT
Cirrus Logic faces potential risks from Apple's sales guidance amid a China slowdown, which could impact its stock.
As a supplier to Apple, Cirrus Logic's stock may face short-term risks due to Apple's challenges in China and conservative sales guidance.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Arm Holdings is expected to report strong earnings due to sustained Android demand and AI-focused product launches.
The positive outlook from KeyBanc and the sustained demand for Android devices, along with AI-focused product launches, are likely to boost Arm Holdings' stock in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Qualcomm's Snapdragon 8 Gen 3 chipset is powering new flagship Android phones, indicating strong demand for its products.
The use of Qualcomm's Snapdragon 8 Gen 3 chipset in new flagship Android phones suggests strong product demand, likely positively impacting Qualcomm's stock.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80