Yesterday afternoon AAPL, the teleprinter Apple, has reached $ 3 trillion in market capitalization. A record considering that the company was the first in the world and in history to reach this impressive figure. A figure that, Wendbush analyst Daniel Ives, qualifies with his estimates.
Very promising analysis pending quarterly financial results
As reported in Philip Elmer-DeWitt’s blog, Daniel Ives, analyst at Wendbush, believes the company is breaking more than one record after establishing itself as the most valuable in the world. According to Ives, Apple’s services division is worth around $ 1.5 trillion
“The backbone of Apple’s stock appreciation continues to be its services business, which we believe is worth $ 1.5 trillion in the eyes of the street, as well as its flagship hardware ecosystem that is in the middle of its The strongest product portfolio in more than a decade led by the iPhone 13. The Services business further monetizes Apple’s installed base and is expected to reach over $ 100 billion in annual revenue by 2024. “
With this news comes strong estimates for the sale of the iPhone 13 during the Christmas season. Initially we expected moderate success, even Bloomberg told us about plans to reduce manufacturing by 10 million units, but it seems that in the end, strong demand resulted in very good numbers
“While supply chain shortages have dominated street conversations around Apple over the holidays, our focus instead is on the strong consumer demand story looming for the iPhone 13 through 2022. On the foundation of our supply chain controls in recent weeks, we believe that demand exceeds Apple’s supply by around 12 million units in the December quarter, which is now going to s ‘add to favorable winds for Cupertino in the March and June quarters as supply chain problems ease in 1 hour.’
Much more stable revenues thanks to the Services division.
However, it is clear that Apple manages to establish a virtuous circle in which hard drive sales service division and service division promote hardware sales. A very interesting movement with which the company achieves a much more stable cash flow throughout the various quarters and more robust in the face of fluctuations in supply and demand.
For now, it will be necessary to wait for the announcement of the financial results by the company to be able to contrast these estimates with the official data. In the meantime, it looks like Apple will hit more than $ 100,000 million in annual profits with the services division in 2024. Without a doubt, another record.
Image | Carles rabada
