Apple is scheduled ot hold its next quarterly conference on July 23rd. At that time, Apple CEO Tim Cook and CFO Peter Oppenheimer will provide insight into the company’s performance over the last three months.
And that insight may not resonate positively with investors.
In recent days, Forbes reported Monday, “new ominous data points for Apple” have emerged that could indicate Apple will disappoint investors and Wall Street in two weeks.
First Samsung reported lower than expected earnings estimates. Galaxy S4 from Samsung is the main rival of iPhone 5… Taiwan’s HTC, another big player in the high end smartphone market, also reported lower than expected earnings.
So what’s behind the concern?
If the high-end smartphone market is truly as saturated and sluggish as some analysts believe (and the earnings of other competing companies suggest), then Apple may also be in trouble.
Others are quick to point out that we should not forget that during Apple’s last quarterly conference call, the company admitted that profits had slowed down for the first time in ten years.
According to Forbes contributor Nigam Arora, if Apple were to report earnings close to the low end of estimates, the stock has further to fall. Fortunately, however, Arora thinks that the next major sell-off could represent a golden opportunity for bottom-picking market watchers and investors.
“If such a fall were to occur,” he writes, “in my analysis it will be a buying opportunity as the fall will mostly complete a transition of Apple stock ownership from growth investors to value investors.”