4.8 • 972 Ratings
🗓️ 26 October 2022
⏱️ 14 minutes
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0:00.0 | This is Mac OSKIN. |
0:06.8 | This is Mac OSKIN. |
0:08.9 | Sizing up phone sales, prepping for an earnings report, |
0:12.2 | and again, with all the operating system betas. |
0:15.0 | It is Wednesday the 26th of October 2022. |
0:19.0 | I'm Ken Ray and this is news from Maco-S Ken. Ken Get $30 off your subscription plus free shipping at drink trade.com slash Macoess can. |
0:40.3 | This show is also supported by people like you, patrons through Patreon. |
0:46.7 | Find out more and add your support at Patreon.com slash Maco-West can. |
0:56.6 | Another sign of slowing smartphone sales. |
1:00.0 | Apple Ensider had Apple supplier |
1:02.2 | Corning reporting September quarter earnings on Tuesday. |
1:06.2 | The company missed Wall Street expectations thanks to a 14% year over year decrease in smartphone sales volume and a 17 percent drop in |
1:15.7 | orders for tablets and laptops glass. That was for the September quarter. For |
1:22.0 | the rest of 2022 Corning CEO Wendell Weeks was quoted as saying, |
1:26.2 | we now expect smartphones to be down about 12% for the year, |
1:30.3 | and we expect notebook and over year decline 15% |
1:34.0 | we expect a year over year decline in smartphones, notebooks and |
1:38.2 | tablets to be greater in the second half than in the first. |
1:41.8 | What does this mean for Apple? Well not surprisingly |
1:45.8 | Corning doesn't break out sales for specific clients. That leaves Apple |
1:50.2 | Insider leaning on the likes of analysts from JP.P. Morgan, Cowan, and Morgan Stanley, |
1:56.6 | while sales of budget conscious phones may lackluster, the aforementioned analysts think premium |
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