meta_pixel
Tapesearch Logo
Log in
MarketFoolery

Apple Rises, Spotify Treads Water

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 31 July 2019

⏱️ 20 minutes

🧾️ Download transcript

Summary

Apple shares rise after 3rd-quarter profits come in higher than expected, despite iPhone revenue falling. Spotify continues to add paid subscribers, but shares are basically flat since going public. And online education company 2U has a disastrous 2nd-quarter report, leading shares to fall 60%. Alise Montgomery and Greg Bechtel analyze those stories and share why they’re keeping a close eye on Smartsheet and Revolve Group.

Thanks to DataSiteOne from Merrill Corporation for supporting our show. To learn more and sign up for a free demo, go to www.merrillcorp.com/fool.

Transcript

Click on a timestamp to play from that location

0:00.0

Thanks to our sponsor Data Site 1 from Merrill Corporation, the market leading due diligence

0:04.3

app for the entire M&A life cycle. Helping companies worldwide close more deals faster.

0:10.8

To learn more and sign up for a free demo go to Merrill Corp.com slash Fool.

0:17.0

It's Wednesday, July 31st. Welcome to Market Forward.

0:20.0

I'm Chris Hill joining me in studio today, Greg Bechtel, and Elise, my comery. Thanks for being here.

0:25.0

Yeah, thanks for having us.

0:27.0

We've got entertainment, we've got online education, we've got a couple of stocks on our radar,

0:32.0

and we're going to start with the world's biggest fruit company

0:34.8

shares of Apple up 4% today third quarter profits and revenue came in higher than expected

0:41.1

Greg obviously there's always a lot to consider when you're looking at

0:44.8

Apple's business. You tell me what stood out in Apple's quarter?

0:48.1

Yeah, I think that this quarter was definitely critical for the company to rebound after this last year and

0:55.9

last two quarters of iPhone revenue dropping a little bit.

0:59.5

And although iPhone revenue continued to drop 12 12% from last year I think that overall

1:06.2

their earnings was pretty promising for the future, they're definitely

1:10.3

showing us that they're much more than just an iPhone company.

1:14.5

Their services and wearables reached all-time highs this quarter in revenue, and their

1:20.3

wearables I think are the key point to look out they raised to 5.5 billion

1:24.7

which is up 50% from last year.

1:27.0

That's amazing.

1:28.0

Yeah.

1:29.0

Well particularly when you consider wearables as a division started out.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.