As Apple Inc. (NASDAQ:AAPL) will report its earnings after markets close today, the story will likely be more about the iPhone rather than the Apple Watch which has dominated the news cycle in the past weeks.
According to Shara Tibken in an analysis for CNET, it is highly unlikely that the Apple Watch would be the focus of Apple Inc. (NASDAQ:AAPL) earnings report. Consequently, Wall Street is said to be interested in the Apple Watch, but more likely to get more cues about their strategy about the stock from details about iPhone sales.
Tim Bajarin, Creative Strategies president is quoted by Tibken saying that Wall Street will look at the sales of the iPhone for the recently-ended quarter and will only seek out “some feedback” about how the Apple Watch is doing after its official release.
Not that the Apple Watch will have much effect of the January to March quarter in the first place, Tibken implies, as she notes that the most recent quarter ended two weeks before preorders for the wearable device were even opened to the public. The quarter was also finished almost a month before the official release of the Apple Watch last Friday.
Indicators suggest that Apple Inc. (NASDAQ:AAPL) is having a good launch for the Apple Watch, with the company’s retail chief being quoted in an internal video recently leaked that the company’s newest product will not be available in-store in the near future. That could point to massive demand, or could mean that Apple has just not produced that many Apple Watch units in the first place. Whatever the situation may turn out to be, this is why observers will be at least curious about the Apple Watch and be seeking for comments from the consumer electronics giant.
For now, it seems Apple Inc. (NASDAQ:AAPL) will be judged on how well its iPhone is still selling. The company is fresh off of a record-setting first quarter for the fiscal year 2015. During the first quarter earnings call, the consumer electronics giant revealed they sold 74.5 million iPhones.
China is seen as a key market for the company, Tibken notes, as Chinese people tend to buy more devices on their new year which was last February.
Ken Fisher’s Fisher Asset Management owned about 10.76 million Apple Inc. (NASDAQ:AAPL) shares by the end of last year.
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