Apple Q4 Earnings Preview: Goldman Sachs Analyst Anticipates Big Earnings Beat, Resilient iPhone 16 Demand
Apple Q4 Earnings Preview: Goldman Sachs Analyst Anticipates Big Earnings Beat, Resilient iPhone 16 Demand
A Goldman Sachs analyst has forecasted stronger-than-expected fourth-quarter results for Apple Inc (NASDAQ:AAPL) ahead of its Oct. 31 release.
高盛分析師預測，蘋果公司（納斯達克：AAPL）第四季度業績將強於預期，預計將在10月31日公佈。
The Apple Analyst: Analyst Michael Ng reiterated a Buy rating on Apple and maintained its price target at $275.
蘋果分析師Michael Ng重申對蘋果的買入評級，並將其股價目標維持在275美元。
Earnings Preview: Ng is bullish on Apple's potential to beat earnings expectations in the short term. For the quarter, the analyst projects earnings-per-share of $1.61, higher than Wall Street's consensus of $1.57. Ng also projects revenue of $94.5 billion, higher than the consensus $93.6 billion.
盈利預覽：Ng對蘋果在短期內超越盈利預期持看好態度。分析師預計本季度每股收益爲1.61美元，高於華爾街預期的1.57美元。此外，Ng還預計營業收入達到945億美元，高於市場預期的936億美元。
iPhone Takeaways: Ng cited the continued demand for older models of the iPhone as a plus. He also mentioned the demand for the newly released iPhone 16 as perhaps better than initially thought.
iPhone總結：Ng指出對iPhone舊款模型持續需求的情況是一個正面因素。他還提到對新發布的iPhone 16的需求可能比最初預期的要好。
"iPhone 16 demand has been relatively stable year-over-year and better-than-feared given more cautious data points around shorter lead-times relative to year-ago and production cuts," the analyst said.
"iPhone 16的需求年度穩定，並且比起更爲謹慎的數據點和去年同期的供應削減，表現優於市場預期，" 分析師表示。
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Apple Intelligence Takeaways: Ng sees Apple's foray into artificial intelligence as a "long-term demand driver." Apple has opted for a slow rollout of Apple Intelligence.
蘋果人工智能摘要：Ng認爲蘋果進軍人工智能是一種"長期的需求推動因素"。蘋果選擇緩慢推出人工智能。
"We believe that as more features exclusive to 15 Pro/Pro Max and the 16-series get released, users should be driven to upgrade their iPhones," Ng said.
"我們認爲隨着15 Pro/Pro Max和16系列獨佔功能的陸續推出，用戶數將被推動升級他們的iPhone，" Ng表示。
Services Takeaways: Apple's strength in its services segment serves as justification for Ng's bullishness on the company.
服務外賣：蘋果在其服務業務領域的實力成爲Ng對該公司看好的理由。
The analyst acknowledged that product revenue growth has slowed but insisted that the market is underestimating the continued viability of the Apple ecosystem.
分析師承認產品營收增長放緩，但堅稱市場低估了蘋果生態系統的持續生命力。
"Apple's installed base growth, secular growth in services, and new product innovation should more than offset cyclical headwinds to product revenue, such as a reduced iPhone unit demand due to a lengthening replacement cycle and reduced consumer demand for the PC & tablet category," Ng said.
「蘋果安裝基地增長、服務領域的結構性增長以及新產品創新應該能夠彌補產品營收的週期性風險，例如由於iPhone更換週期延長和消費者對PC和平板類別需求降低導致的減少iPhone銷售額需求，」 Ng表示。
The analyst also believes that Apple TV+'s apparent decision to shorten theatrical release windows in favor of a quicker rollout to streaming is driving subscriptions.
分析師還認爲，蘋果電視+顯然決定縮短戲劇上映時間，以便更快地轉向流媒體服務，從而推動訂閱。
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Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。
