Why is Apple stock always increasing?!
Apple Inc. is planning to publish its earnings report on Thursday, 10/28/2021 after market close. The report will cover the fiscal Quarter (Q4 FY’21) ending Sep 2021. According to Zacks Investment Research, based on 10 analysts' forecasts, the EPS forecast for the quarter is $1.24. The reported EPS for the same quarter last year was $0.73. We have different estimates as well, which is $1.18 earnings Per Share with $83 billion Revenue, which shows about 28.5% gain year-over-year. Estimated EPS also is about 57% more than the same quarter of a year ago.
In the last days what we saw that made a difference between the even positive reports, was the companies’ outlook for the rest of the year and next year, since supply chain shortage is one of the main concerns at the moment among the manufacture. Same for Apple, since one of the biggest income of the company comes from selling physical products, their outlook on the current situation must be carefully watched.
On the other hand, for product selling, still, we cannot count on its latest iPhone 13, since it was just one week for sale in the third quarter, still with latest reopenings and increasing the digital works, working from home and online businesses during the past year, and last quarter as well, we do expect to see a great sales for its iPhone 12, higher demand for iPods and Macs.
However, it’s also possible that Apple could face some pressure on device supply, due to the ongoing semiconductor shortage. Apple’s income also can increase because of not just selling, also with a growing mix of services revenues, higher average prices on iPhones, and its other devices.
From the technical point of view also it is in a clear uptrend, with strong support at 50-DMA. Any negative report or reaction that can put the stock price under pressure, if can breach this level, will cause further decline as well. On the flip side, if the asset can hold the price above this level 50-DMA at $144, we have to wait for its all-time high seen on September 7 above $157.
