Data from data analytics platform Visible Alpha shows that Apple’s (AAPL.O) net profit will fall more than 8% in the fourth quarter of this year, the first time in 14 quarters that it has not achieved growth. According to the platform, Apple’s revenue during this period will be lower than the record $123.9 billion in the same period last year.
Recently, the market has reported that the demand for mobile phone SoC design manufacturers has slowed down, and the strategy of back-end packaging and testing foundries such as ASE and Jingyuan Electric to assist customers in stacking unfinished packaging wafers and not conducting finished product testing (FT) continues. The senior management of the unnamed IC channel vendor said that the current demand for mobile application processors in the non-Apple camp, as well as previously relatively robust network chips such as Wi-Fi SoCs, continues to be weak. The senior management of another large IC channel vendor revealed that September 2022 is the most severe time for the inventory of the channel side, but IC designers have recently slowed down the upstream chip volume, and the system-side chip inventory has gradually deteriorated, although it is relatively slow, it is estimated that after 2~3 quarters, it is expected that demand can gradually warm
According to UBI Research, the overall mobile OLED parts material market is expected to be $13.91 billion in 2023 and is expected to grow to $16.73 billion by 2027, with an average annual growth rate of 4.6%. In addition, from 2025, flexible OLED (including folding OLED) will account for ninety percent of the overall mobile OLED market.
According to statistics released by the Japan Semiconductor Manufacturing Equipment Association (SEAJ), sales of semiconductor equipment made in Japan (three-month moving average) increased by 19.1% year-on-year to 335.495 billion yen in November 2022, showing growth for the 23rd consecutive month and setting the fourth highest monthly record. From January to November 2022, cumulative sales of semiconductor equipment in Japan reached 3,545,103 million yen, a year-on-year increase of 27.8%, and sales reached a record high in the same period of the previous year.
Recently, it was said that the price of large-size OLED panels for 55-inch ultra-high-definition TVs in the second quarter of next year is estimated to be about $300, while the price of large-size LCD panels will be around $80. According to this forecast, the price difference between OLED and LCD for TV will narrow to 3.8 times in the second quarter of next year. It is said that with the gradual decline of large-size OLED prices, the price gap with large-size LCD that has bottomed out will narrow. The 3.8 times spread is slightly lower than the 4.8 times in the first three quarters, but it is still large compared with last year’s decline to 1.8 times.
2022.12.22 Morgan Stanley: Micron Technology (MU. O) Price target to $46 from $49. Micron Technology, Inc.(Nasdaq: MU) stock trading strategy: 2022.12.23 From the stock technical graph analysis, the stock price has not fallen below the previous stage low of $48.33 even under the background of the financial report falling less than expected and the NASDAQ index plummeting, short-term buying support is strong, aggressive investors can back $48 high selling low or holding positions, stop loss price of $47, stock price stop falling and rise and close price higher than 47 yuan when the cover is made, it is not recommended for prudent investors to buy the bottom of the transaction. From a fundamental perspective, operating income for the first quarter of fiscal 2023 was $4.085 billion, market expectations were $4.12 billion, YoY-46.86%, net income attributable to common shareholders was -$195 million, prior-$2.306 billion, and EPS was -$0.18 vs. $2.04 previously.
Morgan Stanley: Micron Technology (MU. O) Price target to $46 from $49 Read Post »
2022.12.22 JPMorgan Chase published a research report that Nike (NKE. N) Earnings per share for the third quarter were higher than expected and EBIT margin was 11.9. Management raised its fiscal 2023 outlook to a median earnings per share forecast of approximately $3.10. The bank believes that the Group is a leader in the global sports market, diversifying in product categories, geographies and distribution, and believes that its brand momentum in all regions is sustainable, insulating macro market volatility and supporting sustainable revenue growth, which, together with continued gross margin expansion, is expected to drive sustainable mid- to high-double-digit earnings per share. The bank raised its price target from $127 to $128, giving it an “overweight” rating. Nike stock trading strategy: 2022.12.22 From the technical graphics point of view, affected by the financial report greatly exceeded expectations, the stock price temporarily ended the downtrend, the short-term space has been full,
JPMorgan: Nike (NKE. N) Price target raised to $128 rating “Overweight” Read Post »