Bible 1Q22: Smartphones - Demand plummets in China with lockdowns, remains strong elsewhere.
Our Tech Bible is a must-read for any tech investor. It wraps up all what the >130 companies we track have reported and said and provides an update on our key perspectives and convictions, in light of what we learnt.We publish today the first section on smartphones. In 1Q22, shipments were down against pre-covid levels as a result of a complex situation. iPhone had another strong quarter, as Apple continues to mitigate supply constraints by shifting demand towards the higher end of the portfolio. Semi content growth is set to slowdown, and Wall Street sees it coming as expectations drifted down during the course of the quarter, although they popped back up on the back of another set of strong earnings.
Apple designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. The company's products include: iPhone; Mac; iPad; and wearables, home and accessories, which includes AirPods?, Apple TV?, Apple Watch?, Beats? products, HomePod?, iPod touch? and other Apple-branded and third-party accessories. The company's services include: digital content stores and streaming services; AppleCare, which includes AppleCare + (AC+) and the AppleCare Protection Plan; iCloud, which is the company's cloud service; licensing; and other services, which include Apple Arcade?, Apple Card?, Apple News+, and Apple Pay, a cashless payment service.
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.