Big changes are coming to the non-Pro iPhone 15 models this year while the Pro lines gets a cutting-edge chipset
The bigger changes appear to be coming to the non-Pro models as the iPhone 15 and iPhone 15 Plus will both get the Dynamic Island this year and a major upgrade to a 48MP Wide main camera on the back. But the Pro models will be the first (and possibly only smartphones) to be powered by a 3nm chipset which means more transistors, better performance, and improved energy efficiency. All of the models will sport a USB-C port on the bottom to replace the proprietary Lightning port.
Apple will release its fiscal third-quarter earnings report tomorrow
Some analysts expect Apple to announce more integration between AI and some of its products during its earnings call tomorrow. Kuo shuts this down by pointing out that the company is well behind others when it comes to developing generative AI and as a result, he doesn’t see Apple discussing it much when talking to the media and analysts tomorrow. As for the actual report, which is usually released around 5 pm ET after the market’s regular trading session has been closed for an hour, Kuo doesn’t expect any fireworks from Apple.
Kuo says that by topping Wall Street expectations for the fiscal Q3, Apple’s shares could show short-term stength
The analyst points out that the fiscal third quarter, which covers the period from April through June, is what he calls “off-season” for the company and he says that it “is the transition period between legacy and new iPhones, so usually the financial results and guidance at this time are usually not attention-grabbing.”
As for those with a personal financial interest in seeing Apple’s shares rise, from a technical standpoint the stock is running into resistance (selling pressure) close to the 52-week high which is $198.23. Breaking out past the old high could be a bullish sign for the stock. For this to happen, Kuo says Apple’s earnings per share (EPS) number needs to top Wall Street expectations of $1.19 in order for the stock to show short-term strength.
