The actions of Manzana they rose 4.69%, to 173.57 dollars per unit, last Friday in nasdaqreaching its best level since August 12, 2022, when it closed at a price of 172.10 dollars per share, after it reported earnings for the fiscal second quarter, which exceeded market expectations, analysts said.
The company with a value of 2.75 billion dollars in Wall Street reported a 2.5% drop in sales on Thursday, May 4, to 94.840 million dollars in the second fiscal quarter compared to the same in 2022, while the market expected them to drop to 92.900 million dollars.
Despite this fall, the market was optimistic because despite fears of a recession in the United States, inflation and high interest rates that still prevail, the results of the iconic “apple” company reflected a significant demand for he iphone.
“Investors have been concerned about the potential implications for Apple, as many view the company’s products as a luxury, with the average price of an iPhone reaching $988 last quarter, according to research firm CIRP. . However, their results on Thursday showed relevant demand, which helped support the company’s performance amid challenging conditions,” said Danny Vera, Analyst at The Moodle Fool.
He added that he iphone It continues to be “the backbone” of Apple’s business, since it represented 54% of total sales during the quarter in question, which increased 1.5%, to 51.330 million dollars.
The opaque side was in the placements of Mac and iPadwhich fell 31% and 13%, respectively.
For his part, Tim Long, an analyst at Barclays, stressed that the general management of Manzana remains cautious given macroeconomic uncertainty. In this sense, they justified that the drop in sales of Mac and iPad is due to the more difficult comparisons and the normalization after the Covid-19 pandemic, as well as the weakness of advertising and games on the services side.
Meanwhile in China the technology company reported 17.810 million dollars in sales, a decrease of 2.9% in the comparison period.
According to analysts, for Apple its most promising market now is India as it seeks to reduce its dependence on China.
