Apple, Crypto, Snap, and Facebook

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4.7 • 1.7K Ratings

🗓️ 2 May 2018

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Apple reports strong growth in its services business, buys back $100 billion in stock, and raises its dividend. Snap tumbles on concern over slowing growth. And Facebook gets into the online dating business. Analysts Andy Cross and Aaron Bush discuss those stories and weigh in on the future of cryptocurrencies.

Transcript

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0:00.0	It's Wednesday, May 2nd.
0:03.4	Welcome to Market Foolery.
0:04.8	I'm Matt Greer, and joining me in studio, we have Motley Full analyst Andy Cross and
0:09.6	Aaron Bush.
0:10.6	Gentlemen, welcome.
0:12.1	Good to be here.
0:13.0	Our first show together, Aaron.
0:15.0	This is exciting.
0:16.0	Thrilling.
0:17.0	What a show we have guys.
0:18.0	We're going to talk Snap, Facebook, and crypto.
0:21.0	I mean, come on.
0:22.0	That is a show in itself. That is a show but
0:24.5	the intro. But let's begin with Apple shares of Apple up around 4% at the time of
0:30.0	our taping. Apple reporting earnings after the market closed yesterday. Guys, here's some
0:34.8	highlights. 52 million iPhones sold for the quarter and that was actually slightly below
0:40.7	expectations. So just let that sink in.
0:43.6	Slightly disappointing.
0:45.3	Apple also announced that it's buying back $100 billion, that's with a B, in stock, and they're
0:50.8	raising their dividend.
0:52.0	Andy, what caught your attention?
0:53.2	Well, yeah, that iPhone number, Mac, I mean, it was slightly less than what analysts had
	...

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