Apple shines on earnings—Cramer and other experts on what comes next

Are signs pointing to a brighter future for Apple? Here's what four experts, including CNBC's Jim Cramer, thought of the report.

"It's slightly better than expected, but with the services as a higher mix, and their gross margin continuing to decline, [it] kind of suggests what's going on with [the] iPhone — it's fading a bit. There is speculation they're going to enter a more mid-tier market beginning of next year — which would be a very good thing.

"I think it was a great quarter in this regard ... Very quickly the company has grown away from the iPhone being super dominant in terms of total revenues. I thought the services numbers were just a tad weak. China was very encouraging, in terms of a slowdown in the sequential decline. And I think wearables is a bright spot for the ecosystem. So, in general, I think the little bits of bad news were offset by some powerful news in other segments.

I think what people like, frankly, is that if you have to back out this number, and then you back out that [number]—what really you get down to is services ... You're talking about wearables and services amounting to be in a Fortune 50 company. The smallest company in a Fortune 50 company is about a $62 billion company. Still not enough to please those who say it's only a cellphone company. But, I think a lot to think about going down the pike, particularly with theright on the horizon.

TradingNation They shine on tax avoidance too

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Dow futures higher as investors look ahead to Fed meeting, Apple earningsTraders are focused on the upcoming Fed meeting, which starts Tuesday. Market expectations point to a quarter-point rate cut on Wednesday, which would be the first rate cut in a decade.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

Wall Street set to open lower as focus shifts to Fed meeting, Apple earningsWall Street's main indexes were set to open lower on Tuesday, as worries ab... Meh.
Fonte: Reuters - 🏆 2. / 97 Leggi di più »