Apple. AAPL leads the flow of big tech earnings news this week, which the company plans to report after the close of trading on Thursday.
No Massive Layoffs: Massive layoffs, the most prevalent technology theme these days, may not be in Apple’s plans, analysts say. Daniel Ives said in a note. Analysts say the company is likely to cut some costs around. But he doesn’t think Apple will be laying off mass workers this week.
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Digging into the revenue itself, Ives said the company’s first quarter earnings report tells the overall demand story for consumers around the world and China supply chain issues.
iPhone 14 Pro Demand has been stronger than expected, analysts said.Analysts expect Street to focus on CEO with lasers Tim Cookof Commentary for the March and June quarters. He expects Apple to be more cautious about his March quarter guidance.
Ives reiterated his view that Apple remains uniquely positioned to weather this economic storm.
Important reasons: Ives’ view that Apple may not announce any major layoffs should be a welcome relief to employees. Several of Cupertino’s big technology companies are laying off large numbers of jobs.
Amazon Inc. AMZN announced another round of mass layoffs affecting 18,000 employees earlier this year. Microsoft MSFTMore It said it plans to lay off 10,000 people, Alphabet Inc. Google goog The company revealed plans to cut 12,000 jobs.
Price action: Apple ended Friday’s session up 1.37% at $145.93, according to Benzinga Pro data.
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