What can we expect from Apple in terms of second quarter profit? Analysts think that the American company will not generate as many due mainly to the coronavirus pandemic that has affected the whole world. Apple has seen its business have declined due to the closure of stores around the world.
Less profit in this second quarter, but profit at the end of the day.
Financial analysts disagree on the figure that the company can announce this Thursday. Some think the benefits can range from quite a wide range. They manage that the lowest figure is around 45.600 million dollars to 54.600 million.
As already announced, Apple is expected to carry out a buyback plan of your own shares with the amount of cash you have. By doing so, he hopes to achieve a net position in that cash of zero. In total it will have to invest about one hundred billion until December.
From this Thursday Apple will release the financial results for this last quarter. But some questions will still be left in the air. For example, one of the most worrisome is how the global crisis caused by COVID-19 will have affected the company.
In principle it does not seem that much (within expectations), but above all, the question is how it will affect the future short term.
In principle it is expected that some Apple stores in the US reopen in early May. What is not yet clear is whether people will have the trust enough like to go to the stores in person.
The Apple Store is not only a device sales center, it is the best place to advertise them. If people do not go, they do not generate that desire to buy and therefore to obtain benefits. Online sales may go up but will never be comparable to physical sales. Where in addition the advisers / sellers play a very important role.
