Apple reported third quarter earnings on Thursday, August 1st that beat expectations on both revenue and earnings per share.
Goldman Sachs Senior Equity Research Analyst Michael Ng joined Yahoo Finance to break down Apple’s recent earnings results, as well as the potential impact of the company’s AI features.
“Apple ultimately had a very good quarter,” Ng notes. Apple’s recent results “keeps the bull thesis alive and well, which is really about an earnings acceleration and a step up in normalized earnings power, really supported by the upgrade cycle for the iPhone.”
MacDailyNews Not: Watch the 5:26 video, which includes what sort of iPhones Ng thinks will be hitting the market next here.
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