“To be sure, there was little to be enthusiastic about after Apple’s latest earnings release and conference call,” Michael Yoshikami writes for CNBC. “Importantly, Apple’s biggest growth market, China, was a surprising disappointment, which further underscored the reality that China’s economy is struggling. Like many multinational companies, Apple’s growth trajectory is significantly impacted by the state of Chinese consumption; Apple is not immune to macro conditions impacting the Chinese consumer.”
“So where is the real hope in Apple’s earnings call? This quarter’s earnings provide no silver lining and one instead must look past this quarter’s earnings (and probably next quarter’s results) to continue to be positive about Apple’s prospects,” Yoshikami writes. “Here are four reasons why it isn’t time to give up on Apple stock.”
1. New lower-priced phones
2. Research and development
3. A healthy product mix
4. Apple is still massively profitable, pays a dividend, has huge cash reserves, and built-in consumers for future upgrades
Read more in the full article here.
MacDailyNews Take: Yup, yup, yup, and yup.
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