GLOBAL SMARTPHONE MARKET
● MARKETS SIZE: There were 1.355 Billion smartphones sold in 2021. In 2027, that figure could be expected to rise to 1.715 billion smartphones. That is a compounded annual growth rate of 3.70% between 2022 to 2027.
● MARKET SHARE BY COMPANY AND BY SALES (Q1 2022): The industry is dominated by a handful of players. Samsung has 23% of the market ($74.5 billion), Apple has 18% ($59.0 billion), Xiaomi has 12% ($39 billion), OPPO has 9% ($30.9 billion), vivo has 8% ($24.8 billion), and dozens of other smaller companies make up the last 30% ($98.1 billion).
U.S. SMARTPHONE MARKET
● MARKET SIZE: There are 294.15 million smartphone users in the United States. 85% of American adults use smartphones.
● MARKET SHARE: Apple is the number one smartphone in the US with 113 million iPhone users or 38.4% of total smartphone users.
APPLE: ANALYSIS AND EVENTS
● Apple Inc. is one of the most successful companies in the world. It makes iPhones, computers, and other mobile computing devices. In September 2022, Apple introduced a brand new iPhone 14.
● MOST VALUABLE COMPANY IN THE WORLD: Apple market capitalization according to Bloomberg is 2.06 trillion US dollars, which makes Apple, one of the most valued public companies in the world.
● EVENT (FEBRUARY 2, AFTERMARKET): Q4 EARNING REPORTS: Apple will announce his Q4 earning reports on February 2, aftermarket. It is expected that Apple will announce the second best quarterly results in its history. Revenues are expected to be at 122,83 billion dollars while Net income is expected to top 31.67 billion dollars. That would be a sales increase of around 36% compared to Q3 (90.1 billion dollars), while the net income is expected to show an increase of around 53% compared to Q3 (20,72 billion dollars).
● New record exports from India: Apple’s IPhone exports from India double to record 2.5 billion US dollars. In fact, IPhone India's exports from April till December 2022 already surpass the fiscal 2022.
APPLE: PRICE ACTION
● THE STOCK HAS HAD A DOWNWARD CORRECTION OF AROUND 30% FROM IT'S ALL- TIME HIGH OF $183.23 (January 4, 2022). The stock fell to its lowest rate since June 2021 to $125.83. Apple was last trading around $130, and if a full recovery follows to recent all- time highs, the stock could see an upside of around 40%, however the price could also decline further.
● ANALYST OPINION: JPMorgan forecasts $190 a share. Citigroup forecasts $175. Morgan Stanley forecasts $175. Jefferies forecasts $195.
#APPLE, January 10, 2023
Current Price:130.00
Apple |
Weekly |
Trend direction |
|
180.00 |
|
157.00 |
|
145.00 |
|
119.00 |
|
110.00 |
|
100.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
Pivot Points |
||||||
Profit or loss in $ |
5,000.00 |
2,700.00 |
1,500.00 |
-1,100.00 |
-2,000.00 |
-3,000.00 |
Profit or loss in €2 |
4,654.54 |
2,513.45 |
1,396.36 |
-1,024.00 |
-1,861.82 |
-2,792.72 |
Profit or loss in £2 |
4,108.53 |
2,218.61 |
1,232.56 |
-903.88 |
-1,643.41 |
-2,465.12 |
Profit or loss in C$2 |
6,689.50 |
3,612.33 |
2,006.85 |
-1,471.69 |
-2,675.80 |
-4,013.70 |
1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 8:26 (GMT) 09/01/2023
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