
All the talk about Apple’s (NASDAQ:AAPL) recent blowout earnings results naturally turn to Apple’s fortunes in the next quarter. Market observers are naturally curious regarding Apple’s ability to sustain its sales and profit growth. If they need a clue, they only need to look at the calendar. Chinese New Year hasn’t rolled around yet. This is a crucial piece of information to know. China, after all, accounts for close to 30% of Apple’s total sales. If it does well in China, it’s going to have a very bright second quarter. During the past quarter, sales in Mainland China as well as in Hongkong rose by 70%. If you look at Mainland China alone, sales doubled. That’s how great of a year Apple is having in China. Expect Apple sales to increase further once Chinese New Year rolls around. Part of this is due to Chinese’s buying patterns. Traditionally, Chinese like to buy new items to welcome the new year. Another key factor is Apple is projected to get its supply and demand issue ironed out in Asia by this time. Put these two forecasts together and you may have the ingredients for a truly explosive quarter earnings report. If you are looking to short Apple stock, you may want to sit on the fence a little bit longer. At the very least, wait until the sales figures for Apple’s
During the past quarter, sales in Mainland China as well as in Hongkong rose by 70%. If you look at Mainland China alone, sales doubled. That’s how great of a year Apple is having in China. Expect Apple sales to increase further once Chinese New Year rolls around. Part of this is due to Chinese’s buying patterns. Traditionally, Chinese like to buy new items to welcome the new year. Another key factor is Apple is projected to get its supply and demand issue ironed out in Asia by this time. Put these two forecasts together and you may have the ingredients for a truly explosive quarter earnings report. If you are looking to short Apple stock, you may want to sit on the fence a little bit longer. At the very least, wait until the sales figures for Apple’s
Expect Apple sales to increase further once Chinese New Year rolls around. Part of this is due to Chinese’s buying patterns. Traditionally, Chinese like to buy new items to welcome the new year. Another key factor is Apple is projected to get its supply and demand issue ironed out in Asia by this time. Put these two forecasts together and you may have the ingredients for a truly explosive quarter earnings report. If you are looking to short Apple stock, you may want to sit on the fence a little bit longer. At the very least, wait until the sales figures for Apple’s
If you are looking to short Apple stock, you may want to sit on the fence a little bit longer. At the very least, wait until the sales figures for Apple’s smartwatch product come in. If anything, its smartwatch performance would provide better guidance as to Apple’s mid-term profit and sales performance prospects.