Why It Matters: Gurman noted that Wall Street expects Apple’s revenues to approach $118 billion and meeting this target would require a combination of good supply, strong demand, and Omicron “not throwing a wrench in the economy during the holiday season.”Īpple’s fourth-quarter revenues missed the consensus estimate of $84.55 million in October. ![]() “The new variant could potentially limit foot traffic at retail stores, and combined with price hikes for food and gas, that could have an impact on sales in the all-important holiday season,” wrote Gurman. ![]() ![]() What Happened: Gurman noted that the variant is not forcing “any major changes” for Apple currently but as more information becomes available, he expects some shifts in the operations of the company led by Tim Cook. Apple Inc (NASDAQ: AAPL) plans could be affected by the new Omicron variant of the COVID-19 virus, journalist Mark Gurman said in the latest edition of his newsletter.
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