Download full report with analyst certification and important disclosures
May 15 2023, 07:00 IST/BST
Disruptive technology
Week 18 – US Bellwether Blast: Apple Q223 earnings
- Companies : HelloFresh SE | Kainos Group plc | Baltic Classifieds Group plc | musicMagpie plc | Deliveroo plc | DoorDash Inc | OnTheMarket plc | Sosandar plc | Trustpilot Group plc | Just Eat Takeaway.com | Auto Trader Group plc | Carvana Co | Cazoo Group | Purplebricks Group plc | Darktrace plc | On the Beach Group plc | Marks Electrical Group plc | AO World plc | Delivery Hero | Virgin Wines UK plc | GB Group plc | ASOS plc | Rightmove plc | boohoo group plc | Itsarm plc | Moonpig Group plc | Naked Wines plc | Auto1 Group SE
DAVY VIEW
Apple (AAPL) is very dependent on consumers’ ability to afford its products, although its shares fell the least of the bellwethers in 2022 at -27%. Such is the need for smartphones in modern life, demand for the iPhone remains high even in a cost-of-living crisis. AAPL’s other devices are down 16% year-on-year (yoy), and there are expectations for something similar in Q323 – a warning sign to other consumer-centric brands that the difficult macro environment remains.
