On the Grains For all the “fear” of the economy falling to zero, Apple’s earnings yesterday were reported at $95.4 billion, up 5% year-over-year, beating expectations of $1.62/share and paying out $1.65. Apple also announced it will purchase $100 billion in its stock buyback program. Chinese sales, shockingly, were down 2.3% year-over-year. If an analyst expected them to gain market share in China, I wonder what they think and if the hamster is still running around? Undoubtedly, the concern is the tariffs and how the 2nd quarter numbers look, some might have been preemptive buying ahead of the tariffs supporting numbers last quarter. In my house, we upgraded one phone, an Apple Watch, and AirPods ahead of the tariffs. I believe all three were in January. Not solely based on tariffs, but it did help make the decision easier. The phone and watch were over five years old, and the AirPods I lost are essential in this business. This content is for members only.Register Already a member? Log in here
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