Apple’s Back in Club Trillion
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 1 May 2019
⏱️ 21 minutes
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Summary
Apple’s latest quarter (and dividend hike) were enough to push the company’s market cap over $1 trillion again. Aaron Bush analyzes how Apple’s focus on its services division is going. Shopify’s shares rise 10% after 1st-quarter revenue growth impresses Wall Street. Plus, we share takeaways from Facebook’s developer conference and marvel and how Yum China increased sales at its KFC locations.
Transcript
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| 0:00.0 | It's Wednesday, May 1st. |
| 0:03.4 | Welcome to Market Foolery. |
| 0:04.6 | I'm Chris Hill joining me in studio today. |
| 0:07.2 | He's been busy, but he's back in studio. |
| 0:09.4 | It's Aaron Bush. |
| 0:10.2 | Thanks for being here. |
| 0:10.9 | Thanks for having me. |
| 0:12.2 | So, boy, we've got a lot of stuff. |
| 0:15.0 | I love earning season. |
| 0:17.0 | We've got some Shopify. |
| 0:19.0 | We've got, we're going to take a trip out to Facebook's developer conference and we've got the most delightful |
| 0:26.4 | restaurant news I've seen in a while but we're going to start with Apple of course |
| 0:30.4 | because Apple if you're keeping track of this sort of thing. |
| 0:34.4 | Apple has rejoined Club trillion. |
| 0:37.8 | The market cap is up over a trillion dollars now. iPhone revenue was down, but I guess we were expecting that. |
| 0:47.0 | The services revenue, which is something that Apple has basically told us, keep an eye on the services revenue it was up |
| 0:56.2 | what 16% yeah not bad I mean it is what it is it's actually not that great of a |
| 1:02.4 | quarter it was fine so what |
| 1:05.5 | wait wait we'll get into the details I say why do you think the stock is up because I |
| 1:09.2 | had the same reaction as you it was like oh this good. There's some good in here. |
| 1:12.6 | The iPhone revenue is down pretty significantly. |
| 1:15.7 | Why is this stock up? |
... |
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