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-0.000332585909086096 -0.000772457595296621 -0.00314347326974858 -0.003508244911972 -0.00813226190603916 0.000450600263922968 0.00262850153955083 0.00087974337242105
Stock impact report

Wall Street concerns for Apple 'overly pessimistic', Goldman says [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
recent underperformance reflects fears that do not match the company's underlying position. Apple shares are down year-to-date, compared with a 2% gain in the S&P 500, weighed by concerns about smartphone gross margin pressure and potential demand destruction from surging DRAM prices. But analyst Michael Ng said, "concerns for Apple are overly pessimistic given its much stronger relative position." Goldman Sachs forecasts fiscal second-quarter EPS of $2.00, above the Street consensus of $1.93, with outperformance expected across iPhone revenue, Mac revenue and gross margins. Favorable foreign exchange and strong Services revenue growth are also expected to flatter results. On Services, Goldman Sachs projects 14% year-on-year growth despite another slow App Store quarter, with iCloud+, AppleCare+, prior price increases on Apple TV+ and solid advertising performance cited as supporting drivers. Looking ahead, the bank sees advertising inventory expansion in the App Store and Show less Read more
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