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That apple shines again despite analysts predicting a lackluster quarter.
Apple handily beating estimates -- it just reporter after the bell but even with more than 31 million iphones sold.
Year over year growth this kind of stalled so good news and bad news dummy now that Jared Levy the senior equity strategist at Zacks investment research thanks for being what does -- So what do you think first off about the results that apple announced.
You know it was mixed in addition every -- got to put this in the context I think there were some some warnings here you know I've had silverlight yet the -- beat.
But -- guidance is also weak but that is the stock is up because expectations.
Have come down so bad you know.
For me I'm -- a tough time with apple why Steve Jobs has gone I think the companies really failed to innovate.
Here over the past year and a half you know we're still sort of hoping for some new products and I just read this is.
Everything is -- percent of everything is OK although looking into the future I am concerned and I do think apple could rise.
But I am I don't think -- -- much -- -- five -- -- the cap here but those stock popped really nicely after Alice pride was up three and a half percent.
Right yet stocks trading just below 440 here's -- thing you got to remember right.
Apple's sort of fighting a losing battle remember I thought is still their big -- right that's there that's there's sort of golden child and remember.
IPhone and all Smartphone sales.
Have been slowing slightly because not as many people are upgrading their phones also keep in mind that the average -- price.
For iphones -- and you know they're competitors have come down dramatically and they -- expected to keep coming down.
So really the question is Dennis.
Can apple come up with a product it's gonna knock our socks off it's going to be like holy Moly this is completely different than anything we're used to.
Just like they did with the iPhone and that would -- the answer I have is probably not.
Obama but again the question still remains and that's why the stock is higher here you actually -- you -- coming -- really been bothering you lately it seems like only in recent weeks.
I've heard big.
People in the business start to talk about Smartphone business.
The way we are talking about laptops when they are getting hurt by the iPad cocaine and laptop so -- just not a growth market anymore.
I'm shocked right how quickly investors are taking on this attitude of the Smartphone market is not a high growth market in what we are near a replacement market and then the only untapped market left.
Is developing world where they got to do really cheap phones that have much lower profit margins.
Now Samsung is much better than apple at competing at the -- into the market isn't it.
They are and not just Samsung don't forget -- -- so a loss name in the business which at one time with the king of all phones.
They're really good at the cheap stuff too and an apple remember.
People love them because they've made good quality stuff they've got big fat margins and that's why we buy their stock you go into their stores and everything is high end.
Apple I don't believe is going to be able to keep -- With the likes of Samsung with the likes of Nokia and there SA even the likes of Blackberry which I think is on the verge of bankruptcy case are expected -- and that's an area -- if I had a buzzer.
Can you just that you don't think -- -- to be able to compete with Nokia a bit and that they get disqualified they have not been -- and close Nokia is dead.
But I'm also wanted to ask but to -- points and one is about love.
The others about product cycles I think it.
Apple is just a victim right now a bad timing on the product cycle.
No need to people are buying quite as many iPhone fives because we know that a few months are coming out -- the five best whatever that is but second is.
Is love you know apple ten years ago with -- around 23%.
Of the value of tech stocks in the S&P 500.
That went up soared to 17%.
And it felt like a certain amount of that wasn't so much based on -- and earnings was based on bother hip and I love them.
And then investors fell out of love.
Can apple get the love back.
I think Steve Jobs was.
The originators and you you look at what happened with apple back I think it was from 86 to 97 when it -- Steve Jobs first left the company.
Think they fell out of favor and they still innovated they just Steve was and that he was a magician and -- that we presented the products that people we -- -- created this bond.
-- you know Tim Cook is a fantastic gentleman and great logistics I just don't think that he is bringing that -- now -- Again if they bring in tremendous product and they and they wow us with something magical sure that can come back but again.
You love the man and you let his creativity granted he was behind the whole company but it was him -- drove it and I don't think that returns all right one last thing Jared and I -- -- yesterday 37 analysts follow apple.
Have a down rating on a -- a hold or a cell and that alone can be a good it -- that says actually apple will come back deal contrarian indicator.
Thanks for being less -- I care appreciate it.
Thanks Dennis OPEC.
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