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Apple’s unassailable moat: How iPhone stays immune to demand destruction
Apple’s iPhone 17 In any period of economic uncertainty, inflation, and/or tightening consumer budgets, many premium products face “demand destruction” — a long-lasting shift where buyers delay purchases, trade down, or abandon categories altogether. Yet Apple’s iPhone has proven remarkably resilient. While the broader smartphone market ebbs and flows, iPhone sales often hold steady or even…
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Gene Munster: Investors sholud focus on Apple's growing installed active base of over 2 billion active devices
Gene Munster, Deepwater Asset Management managing partner, joins CNBC’s “Squawk Box” to discuss the takeaways from Apple and other Big Tech earnings, the health of the mega-cap stocks, and that Apple’s growing installed active base of over 2 billion active devices is where investors should be focusing, meaning Apple Services, not just on the company’s hardware sales. Apple’s installed base…
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Analyst expects Apple to have added 30 million more users to its 2 billion active installed user base
Apple will likely report a more than 4% drop in revenue, its second straight quarterly decline, after U.S. markets close on Thursday. iPhone demand and production are expected to have recovered in China after the CCP’s draconian, now-abandoned “Zero COVID” disruptions last year which finally set Apple on a path to diversify production outside of authoritarian China in countries such as India and…
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Gene Munster: Wall Street is missing a critical point about Apple
Gene Munster: Wall Street is missing a critical point about Apple
[cfsp key=”getamac.jpg”]”Apple reported strong second-quarter earnings on Wednesday, exceeding Wall Street’s expectations,” Aarthi Swaminathan reports for Yahoo Finance. “But the street is missing a ‘critical’ piece of the puzzle, says one expert.”
Swaminathan reports, “‘If I look at the broader analysis across Wall Street today, I think that there is a critical missing piece specifically about…
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The iPad is back
The iPad is back
”After a few years in the wilderness, it seems that the iPad is back,” Mike Murphy writes for Quartz. “Apple announced its second-quarter earnings today, and while most of the focus was on the continued success of the company’s services business, and the ever-profitable iPhone, the iPad posted a surprisingly positive quarter. The device generated $4.87 billion between January and April, a jump of…
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Apple's iPhone sales are finally turning around
Apple’s iPhone sales are finally turning around
[cfsp key=”getamac.jpg”]”After the collective freak-out about Apple’s poor showing during its last financial quarter, this quarter’s results were refreshingly boring. Apple had $58 billion in revenue, more or less what they said they’d do three months ago,” Jason Snell writes for Macworld. “The company made $11.6 billion in profit, which is a really good kind of boring.”
“Phone sales were down…
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There's a hidden gem in Apple's earnings - and it's not services
There’s a hidden gem in Apple’s earnings – and it’s not services
[cfsp key=”getamac.jpg”]”Coverage of Apple’s second-quarter earnings has focused on the record slump in iPhone sales, rising sales of services and accessories, and a bullish revenue forecast for the current quarter,” Theron Mohamed writes for Business Insider. “But stock-watchers may have missed a hidden gem in the tech giant’s results: the iPad.”
“Sales in Apple’s tablet division soared 22% to…
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U.S. stock futures bounce as investors cheer Apple results
U.S. stock futures bounce as investors cheer Apple results
”U.S. stock index futures jumped on Wednesday, pointing to a strong open for Wall Street as Apple Inc’s stellar results and forecast allayed concerns about slowing growth in corporate profits,” Reuters reports. “Shares of the iPhone maker jumped 5.8% in premarket trading after it said sales in China were steadying and touted how rising demand for its services and accessories helped offset a…
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