Email

What’s Next For Apple?

0 | By Strategic Tech Investor Staff

Shortly before Apple Inc. (AAPL) reported its fiscal third quarter earnings yesterday, Michael appeared in a panel discussion on TD Ameritrade about what to expect from the iPhone maker. Michael argued that the firm would likely see a decline in iPhone sales, thanks in part to trade tensions with China and increased competition from local smart phone makers in that country and elsewhere. And while he wasn’t expecting any major surprises from the firm’s report, he delved into one the key factors he thinks the firm will use to continue an upward trajectory going forward – services. And indeed, services revenue climbed 12.6% to $11.46 billion, a new record for the firm, though it came in slightly under analysts’ expectations thanks in part to a one-time payment from lawsuits a year ago and foreign-exchange effects. Watch to see Michael’s prediction about the long-term prospects of the stock…

Leave a Reply

Your email address will not be published. Required fields are marked *