An Ugly Day for Tech Shares Examined - MOSK: 08.25.2023

Mac OS Ken

Ken Ray

Technology

4.7 • 996 Ratings

🗓️ 25 August 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

- Reports Say Profit-Taking and Uncertainty Lead to Tech Sell-Off - Smartphone Promotions Cost 5,000 T-Mobile Employees Their Jobs - The "Fight" to Shoot an Apple TV+ Show on iPhone - Apple TV+ Outs Trailer for Third Season of "The Morning Show" - Power what we do next for as little as $1 a month. Join the Mac OS Ken Test Kitchen at Patreon at Patreon.com/macosken - Send me an email: info@macosken.com or call (716)780-4080!

Transcript

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0:00.0	This is Mac OSKIN.
0:06.8	This is Mac OS Ken.
0:08.9	Apple shares fall with the rest of them.
0:11.3	Those cheap iPhone deals cost 5,000 jobs and a couple of
0:16.1	tales of Apple TV plus. It is Friday the 25th of August, 2023. I'm Ken Ray and this is news from Macawes Ken brought to you by
0:29.1	yours truly and supported by people like you patrons through Patreon.
0:35.0	Find out more and that your support at patreon.com slash Maco-S-Can.
0:45.0	I am not a financial analyst.
0:49.0	This is a thing I feel compelled to say every now and then. I'm not a financial analyst. I'm not a
0:55.0	financial advisor. I'm just a guy who's been watching tech professionally since the
1:00.0	late 1990s with four years off for questionable behavior and watching Apple
1:06.2	primarily since 2005.
1:09.6	But I'm not a financial analyst and I am not a financial advisor. Like Zayavod Bebelbrocks, I'm just this guy, you know?
1:19.0	There was almost no Apple News on Thursday. Shares in the Cupertino company were down a decent amount,
1:25.0	$4.74 or just over 2.5%, though,
1:30.0	that wasn't about Apple.
1:32.0	It was apparently about uncertainty. A piece from
1:37.3	Reuters says investors had hoped that NVIDIA results would revive a rally in
1:42.1	broader stock markets that installed recently
1:44.9	due to concerns about interest rates staying higher for longer.
1:49.4	Didn't happen. I mean, NVIDIA did crush it. A piece from Fortune says the leading maker of
1:56.5	data center gear used in AI systems delivered big time, lifting its generally accepted accounting principles net profit, an incredible 4.2 billion
	...

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