In a note to investors Monday seen by AppleInsider, Cowen lead analyst Krish Sankar expects Apple to report March quarterly results that are “largely in-line with consensus.'” While Cowen expects “flattish” revenues for the June quarter, it’s forecasting an improved smartphone sentiment later in 2020.
Apple stocks remain one of Cowen’s favorites for several reasons. For one, Sankar said that the current weakness in the smartphone market is “well understood,” and that going forward, the debate will focus on the magnitude. Despite that, 2021 is “shaping up to be a solid 5G story for Apple,” Sankar wrote.