Arm Holdings Plc.ARM is all set to report its December quarter earnings on Wednesday. The semiconductor designer is “strong outcomes and steering” forward, surprisingly due to a “sustained Android demand,” in keeping with KeyBanc Capital Markets analyst John Vinh.
What Occurred:SoftBank-owned Arm Holdings is poised to achieve on account of power in demand from Android telephone makers, Vinh stated in a notice seen by Benzinga.
Nonetheless, the AI-focused launches in January may assist Arm. “We anticipate strong outcomes and steering for ARM, benefiting from sustained Android demand,” Vinh stated.
“The market is on target, aided by improved vacation season demand,” stated Canalys Senior Analyst Toby Zhu.
“There have already been loads of new flagship Android launches making the most of the on-device AI pattern, from Google Pixel and a number of other Chinese language distributors.”
The primary month of 2024 has seen new flagships from Samsung and OnePlus – whereas Samsung launched the Galaxy S24 collection with a eager give attention to AI in partnership with Android-maker Alphabet Inc.’sGOOGGOOGL Google, Oppo-subsidiary launched the OnePlus 12.
Apple’s iPhone gross sales steering in its December quarter earnings name may result in a “potential threat” for one in every of its suppliers, Cirrus Logic Inc.CRUS.
Cirrus is an Austin, Texas-based fabless semiconductor provider.
Nonetheless, Huawei’s resurgence has put a spanner in Apple’s plans in China. The upcoming Mate 70 collection smartphone will take the iPhone 16 collection head on – Huawei is anticipated to launch it in September this yr, days after the iPhone 16’s anticipated launch.
“Nice China’s income decline of 13% is worse than anticipated and can possible drive extra issues into the remainder of 2024,” Oppenheimer analyst Martin Yangstated.
Wedbush’s Dan Ives has additionally referred to as Apple’s steering for the March quarter “very conservative,” including that it is “no secret that Apple is struggling to battle Huawei.”
Apple’s China challenges may additionally hold its shares “range-bound,” in keeping with analysts.