Rod Hall: Very tough for Apple to grow revenue and earnings in this scenario (video)

From CNBC’s “Lead times suggest iPhone demand a little weaker than expected, says Goldman’s Rod Hall,” which aired Thursday:

Rod Hall, Goldman Sachs analyst, joins ‘Squawk on the Street’ to discuss concerns in Apple’s supply chain and how the company could be impacted by port bottlenecks.

Cue the YouTube:

My take: When Bloomberg posts a negative Apple report, the bears get booked on CNBC. We got two of the biggest Thursday. .

16 Comments

  1. Aaron Belich said:
    “Thanks for your insight.”

    What a crock of bull dung.

    2
    December 2, 2021
  2. Arthur Cheng said:
    These guys are just bad, don’t do their homework. In a normal company someone with these kind of record would have been fired a long time ago.

    4
    December 2, 2021
  3. Robert Paul Leitao said:
    Like me, Mr. Hall is watching ARPU or Average Revenue Per User. Outside of that, we don’t have much in common. In fact, earlier today I referred to his price target as “silly.” Nothing’s changed. He said absolutely nothing new in this interview. He has a neutral rating on the stock. He’s not alone in that rating, but his price target is below the average price target for the pros. I expect ARPU to rise this quarter based on services uptake and higher ASPs, on average, for the phones. Forex will have some mitigating impact on recognized revenue in the quarter.

    4
    December 2, 2021
    • Aaron Belich said:
      Yeah, but Apple’s grown margins in the the past four or five quarters, and margins had barely moved for years. So not only are ASPs/ARPUs going up, but with it more profits—and improvements in customer satisfaction (M1 MBP-line is likely to skyrocket).

      1
      December 2, 2021
  4. Fred Stein said:
    Rod and Toni miss two obvious points: (they’re blinded by their own preconceived ideas)

    1) This year’s iPhone launch started one month earlier. That’s a lot more time to catch up to demand.

    2) FY 2022 benefits from M1 Mac and iPad upgrades. Both Rod and Toni count iPhones, which is no longer the single metric.

    5
    December 2, 2021
    • Robert Paul Leitao said:
      Fred: These are sell-aside analysts given air time. Both analysts referenced in posts today (Mr. Hall and Mr. Sacconaghi), really can’t glean anything from the Bloomberg report. I’m surprised Bloomberg ran with the story. In the past, if I recall correctly, these “reports” have sometimes come from Nikkei. If there’s nothing to say, they have to say something. And, they both said something while really saying nothing.

      2
      December 2, 2021
      • Gregg Thurman said:
        I’m really tiring of the annual parade of debunked rumors, from the same suspects be they media or WS “analysts”, followed by a parade of arguments derided their motives and intelligence.

        Is there nothing new, of import, this group can discuss, that hasn’t been discussed a dozen or more times in the past? Twenty dollars a month is cheap, but not for the same menu everyday of every month of every year.

        1
        December 3, 2021
  5. Greg Lippert said:
    Rod has been SO FAR underwater for SO LONG that anyone who listens to his advice has missed the entire AAPL ride.

    1
    December 3, 2021

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