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Apple to beat Q4 2021 consensus, supply issues 'overblown,' analyst says

Added 10-22-21 10:11:01am EST - “Apple is likely to outperform expectations when it reports earnings for its fourth quarter of 2021, but the actual call with investors is unlikely to be a catalyst, Morgan Stanley says.” - Appleinsider.com

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Posted By TheNewsCommenter: From Appleinsider.com: “Apple to beat Q4 2021 consensus, supply issues 'overblown,' analyst says | AppleInsider”. Below is an excerpt from the article.

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Apple is likely to outperform expectations when it reports earnings for its fourth quarter of 2021, but the actual call with investors is unlikely to be a catalyst, Morgan Stanley says.

In a note to investors seen by AppleInsider, Morgan Stanley lead analyst Katy Huberty expects Apple to beat Wall Street consensus when it reports earnings on Oct. 28, driven mostly by robust iPhone demand and outperformance in its Services sector.

However, Huberty says that investors are likely to be more focused on guidance for the busy holiday shopping quarter. That's because Apple's September quarter likely only includes a small portion of iPhone 13 shipments.

As with past quarters, the analyst doesn't expect Apple to provide formal guidance. Although she's upbeat about Apple's December quarter despite supply chain issues, Huberty believes that it's more likely for Apple to speak to segment-level growth trends instead.

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