However, the two most important stores of iPhone manufacturers are always open: the App Store and Apple’s content businesses, such as music and streaming video.
When Apple announces its earnings on Thursday, investors will be eager to see whether its service division’s revenue is enough to offset the expected decline in most hardware sales and the uncertainty about the launch of the iPhone series this fall, which has been Apple’s biggest Sales impetus.
According to Refinitiv’s IBES data, analysts expect that the interruption of the pandemic will reduce total revenue in the third quarter by about 3% year-on-year to US$52.1 billion (approximately Rs 38.9 billion), while Apple’s leading iPhone business will drop by nearly 14 %. July 28.
The two expected growth points are service revenue-expected to increase by 15% to USD 13.18 billion (approximately Rs 98,563 crore)-the company’s wearable device division revenue is expected to increase by 8.6% to USD 6 billion (approximately Rs 48,870 crore) , According to Refinitiv data on July 28.
During the pandemic, investors have always regarded Apple as a relatively safe haven. Since mid-March, Apple has urged to push Apple’s stock price up by 65%. At that time, many people in the world were urged to stay at home to help slow the new coronavirus. Spread.
When Apple last announced its second fiscal quarter in April, the company did not give a forecast. Analysts don’t want it to make predictions in this week’s report, but will hear clues about whether iPhone production is on track this fall after hearing reports of production delays due to the pandemic.
29 analysts rated Apple as “buy” or “strong buy”, seven analysts rated it as “hold”, and three analysts rated it as “sell” or lower.
© Thomson Reuters 2020