It’s the holiday rage cannon, Charlie Brown
What do you see from the observation deck, Charlie Brown? Well, we’ve got our eyes on Evercore’s tech expectations for everyone but Apple, as well as the growing popularity of Apple products among teenagers. There’s more news of Apple moving production out of India and, of course, no Charlie Brown on PBS this holiday season.
Evercore lowers technical expectations (leaves Apple untouched)
It’s another one of those “things aren’t looking good for tech” stories – Apple not included. We had one earlier in the week when market tracker IDC said PC shipments were down across the board – Mac shipments are not included. This story, however, became muddled when IDC competitor Gartner reported that computer shipments were down across the board – including Mac shipments.
This one is a little different though, because it’s really just one guy who decides. This guy is Amit Daryanani, Evercore analyst. Tuesday, Apple 3.0 ran part of a note he wrote. This caused the analyst to cut estimates on technology across the board – not including Apple. Quoting his note:
We see risk to CY23 estimates in most of the companies in our coverage as multiple headwinds (strong US dollar, surging energy prices in Europe, interest rate hikes to fight inflation persistent, etc.) will likely temper CY23’s expectations and directions. Accordingly, we are lowering FY23 estimates across the board as we believe the street needs to temper current high and low expectations for companies in our coverage and beyond.
Two areas of concern noted in the memo include a weakened PC market and weaker growth in IT budgets than expected by the street. That said, Daryanani was careful to part ways with three companies: computer networking company Arista Networks, data center equipment and services company Vertiv Holdings, and Apple. Quoting his note again:
While the September-quarter results are expected to be good, we see increasing risk to the December-quarter estimates and especially CY23 given the increased macro risk which will temper IT budgets and result in a more cautious but conservative attitude to the share of companies.
Mr Daryanani has an “outperform” rating on Apple shares. His stock price target is $190.
Piper Sandler’s Latest Survey Shows Apple’s Strength Among American Teens
Good news for Apple from kids across the country. AppleInsider a word of Piper Sandlerthe group’s latest investigation. The site says the company did what it does: it surveyed more than 14,000 teens in 47 states from households with an average income of $66,000. According to the results, respondents (aged around 16) like the iPhone and Apple Watch. Extract some statistics:
- iPhone ownership within the group still stands at 87%
- iPhone purchase intent is still at 88%
- Ownership of the Apple Watch is now 31%, up from 30% earlier this year and 25% at the same time last year.
- Apple Watch purchase intent fell from 14% to 16%
The company says it believes “high penetration and intent is important given the mature high-end smartphone market.” Analysts go on to say:
… these trends are encouraging because [Apple] continues to introduce new iPhones, which could provide a significant product cycle refresh… We believe these positive trends may also be a catalyst for service growth as Apple’s hardware install base continues to grow.
Piper Sandler has a “Buy” rating on Apple shares. The company’s stock price target is $195.
Ming-Chi Kuo introduces Apple’s manufacturing card
It looks like Apple isn’t looking at production in places ofsquare from China. Rather, they look “in addition to”. It’s the last of Ming-Chi Kuo, TF International analyst. In a series of tweets On Tuesday, the analyst laid out what he considers Apple’s manufacturing roadmap. According to this, Apple will bring together the Indian conglomerate Tata Group with Pegatron or Wistron to work on assembling iPhones on the subcontinent. This would seem to support what we heard last month from The Indian Express which had Tata in talks with Wistron over iPhone production in India. According to one of Tuesday’s Twitter posts:
The potential cooperation of Tata Group and Pegatron or Wistron may accelerate the increase in the proportion of non-Chinese iPhone production.
The implication from the analyst’s Twitter feed is that Tata + other makers would equate to more iPhone exports of India. The wire points out that more than “80% of iPhones made in India (by Foxconn) are currently destined to meet domestic demand.”
So more of the planet’s iPhones will come from India, while MacBooks could be made in Thailand. At least some of them. “The main MacBook production site outside of China in the future could be Thailand,” according to Ming-Chi Kuo, who adds that currently all MacBooks are made in China.
Where does this lead us? In the next three to five years, the analyst says:
…at least the US market (~25-30%+ of global shipments) can be supplied from assembly sites located outside of China to reduce potential political risk impacts (e.g. US-China tariffs ).
Over the past five years, the thread says:
Non-Chinese markets will be supplied by assembly sites located outside of China, while the Chinese market will be supplied by assembly sites located in China.
He also says that assemblers in China and outside the Middle Kingdom will be able to handle the introduction of new products. This fits perfectly with his thinking that China and India will be able to start production of future iPhones. at a time.
Economic Times: Apple could activate 5G for iPhone in India by the end of the year
It looks like Apple may soon enable 5G for iPhone in India. A piece of this country Economic period said:
Apple and Bharti Airtel senior executives will meet this week to discuss [a] schedule for rolling out software updates to 5G-enabled iPhones to support the Indian carrier’s 5G network…
So say secret people say they know something about something. Assuming all goes well, no new iPhone will be required. Units dating back to 2020’s iPhone 12 are 5G able. They just need a software update. Well… that and a decent amount of testing by Apple. Economic period thinks the switch could be flipped in December, “after testing and validating the devices” on the country’s 5G networks.
Australian Apple Retail workers plan hour-long strike
Apple retail employees seem ready to send a short, but potentially powerful message. The Mac Observer highlights a Reuters report which indicates that a number of Apple Store employees in Australia “are organizing a strike due to the lack of progress in wage negotiations”.
Potentially powerful, however – again – that will be a short message. The article says the action is scheduled for October 18, with the workers’ outing expected to last an hour.
Apple developers are getting more betas of the operating system
The Big Bam Beta Parade continues. A few pieces of AppleInsider say the developers had some hot news on Tuesday. One says members of the Apple Developer Program got access to fifth betas of iOS and tvOS 16.1, as well as a sixth beta of iPadOS 16.1. Meanwhile, a second post from the site says the developers have received an eleventh beta of macOS 13 Ventura.
While OS betas never really stop, the latest round should soon hear a crescendo. The 16.1 updates are expected to arrive this month. It seems likely that the release of Ventura will arrive around the same time.
Ask Apple: A New Individual Resource for Developers
It wasn’t just a new round of beta developers picked up on Tuesday. They also got a new resource. MacRumors says that Apple has introduced a new feature for developer types called “Ask Apple”. The article says the program will give developers access to “Apple’s engineers and experts,” allowing them to interview the pros on topics like “the implementation of new beta features, updates introduced at the WWDC, adopting Dynamic Island, moving to SwiftUI, and more.”
Susan Prescott, Apple’s vice president of global developer relations and enterprise and education marketing, says “Ask Apple” is intended to address an increased developer appetite “for one-on-one assistance and conversation with Apple experts…”
The program is free, as long as you are already paying. MacRumors indicates that registration is “available to all members of the Apple Developer Program and Apple Developer Enterprise Program”. More information is available on the Apple developer site.
Peanuts Holiday Specials will stream for free on Apple TV+, won’t hit PBS
And Finally Today – Fire Up The Rage Cannon: Charlie Brown’s Holiday Specials Will Be not to be on PBS this year. A few years ago, Apple TV+ acquired exclusive rights to much of the Peanuts catalog. This included a deal to fund new series and specials as well as host old shows like “It’s the Great Pumpkin, Charlie Brown,” “A Charlie Brown Thanksgiving,” and “A Charlie Brown Christmas.” And there was a lot of wailing and gnashing of teeth because people didn’t want to pay $4.99 a month to watch those shows they’d watched for free for years, or – really – without realizing they paid them.
So Apple struck a deal to air the Thanksgiving and Christmas specials on PBS. And now that deal is done. 9to5Mac says the Cupertino streamer wields the exclusive as part of its exclusivity pact. And yet, you still don’t have to pay to see them. According to the report, “Apple will release [the shows] free for everyone — no subscription required — for a limited time…” 9to5Mac said:
“A Charlie Brown Thanksgiving” will air for free from November 23-27, and “A Charlie Brown Christmas” will follow from December 22-25.