This is Mac OSKinn.

Wall Street hits Apple, strength for iPhone in the US and China, and the FCC wants to free your TV.

It's Thursday, 28th of January 2016.

I'm Ken Ray and this is news from Maco-S-Ken.

Brought to you by yours truly,

Legabos. You had to know how by yours truly, like a boss.

You had to know how Wednesday was going to go for Apple.

The Cupertino Company reported a holiday quarter for the ages, turning more in profit

than any other company in the history of ever.

That was followed by guidance for the current quarter that brought to mine

bumpy roads, rough seas, turbulence.

Financial analysts still like Apple but suddenly their price

targets looked a little high and so fortune says a slew of them took their

expectations to the barber on Wednesday. Morgan Stanley analyst Katie Huberty summed it all up

really well. Quoting her note, we are positively biased given better than feared

March guidance, a growing user base, accelerating services revenue, and new

iPhones later this year.

Guidance incorporates a cautious macro outlook and sets up for a stronger iPhone

7 cycle. Management spent a lot of the conference call describing a turbulent global macroeconomic environment

as major markets like Brazil, Russia, Japan, Canada, Southeast Asia, and the Eurozone experienced slowing economic growth in the second half of 2015.

Most important, Greater China, especially Hong Kong, saw economic softness beginning in December.

She kept her overweight rating on Apple's shares but cut her 12 month price target from

...