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Apple (AAPL) Posts Better-Than-Expected Earnings: Diversification & Challenges

Apple (AAPL) Posts Better-Than-Expected Earnings: Diversification & Challenges

FromSchwab Network


Apple (AAPL) Posts Better-Than-Expected Earnings: Diversification & Challenges

FromSchwab Network

ratings:
Length:
32 minutes
Released:
May 4, 2023
Format:
Podcast episode

Description

Apple’s (AAPL) earnings were released today, May 4th post market. Renita Young hosts an Apple post-earnings discussion with guests Alex Coffey and Kevin Green. They talk about how Apple’s earning came in much better-than-expected. They note that Apple was expecting a sales decline of about 5% in iPhones, but the actual decline came in at 3%. They go over how these earnings were really good in some ways, but also really disappointing in other ways. They look at challenges Apple is facing including how 25% of iPhone owners have not updated their phone in about four years. They then examine how Apple is trying to diversify, highlighting its new high-yield savings account with partner Goldman Sachs (GS). They also mention the importance of Apple expanding into India. Tune in to find out more about the future for Apple and the stock market today.
Released:
May 4, 2023
Format:
Podcast episode

Titles in the series (100)

A unique lineup of financial news and education programs, all available to stream without a subscription. Listen to industry experts track market action and interpret how it may apply to your investment portfolio. Get real-time insights, commentary, and exclusive access to CEOs, analysts, and market experts. Empowering Every Investor and Trader. Every Market Day. Produced by TD Ameritrade Media Productions Company, a wholly-owned subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer. THE TD AMERITRADE NETWORK SITE, CONTENT, APPS, AND RELATED SERVICES, ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Japan, Saudi Arabia, UK, and the countries of the European Union. All TD Ameritrade Network content © TD Ameritrade Network. All rights reserved.