4.3 • 1.2K Ratings
🗓️ 30 April 2018
⏱️ 45 minutes
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0:13.8 | It is the moment of truth for Apple. The nearly trillion dollar tech giant getting ready to report earnings tomorrow as a fate of the market hangs in the balance and the stock was higher today but Apple |
0:17.8 | has been struggling of late negative on the year and still in correction |
0:21.1 | territory down 10% from recent highs and this earning |
0:24.4 | season we've seen a lot of big beats but not big enough stocks move stock moves |
0:29.6 | to lift the market higher will it be different this time for Apple |
0:33.2 | guy well let's hope so because there are a lot of Apple Bulls out there and they're |
0:36.7 | watching these you can just can't you feel the attention well obviously today's |
0:42.0 | announcement there were the Financial Times talking about |
0:44.4 | Apple potentially giving a hundred billion dollars back to shareholders, so |
0:47.4 | that obviously is going to help. So they need to do something along those lines. |
0:50.5 | If you're asking me what number am I looking for and what number I think matters, |
0:54.0 | service revenue. If that number comes in $9 billion or higher, that would represent probably close to |
1:00.0 | 16% is of total revenues. I think that'll help Apple get the multiple that everybody wants them to get. |
1:06.0 | So I am optimistic for this quarter, yes. |
1:08.0 | I think Apple, you know, guys good at getting in the weeds on these numbers. So is Timmy? |
1:12.0 | I look at it as a sentiment |
1:13.5 | indicator. I'm still long the name. That's services number as far as revenues. |
1:17.3 | That's a $30 billion number. Could be more coming into this print. I think that Apple took it on the chin early in this sell-off |
1:26.4 | And I think that it's sort of due for that bounce before everything else is due for the bounce. |
1:30.5 | I remain long. Well the setup is what is really an apple savor this time. |
1:33.7 | We had a slew of analysts, even the most bullish on the street. |
1:36.7 | Morgan Stanley's Katie, he already cut their numbers on iPhones going into this quarter. |
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