This is MacO-S Ken.

This is MacO-S Ken.

Groking Apple Wearables, a possible problem for Apple Pay, and a couple of TV stories.

It's Monday the 18th of November 2019. I'm Ken Ray and this is news from Maco West Ken.

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It's another one of those nobody gets Apple but me notes this time from Evercore analyst

Amit Terry Anani. You know what he gets that nobody else gets? Apple and

wearables. I know you think you get it but you're wrong. Philip

Umer DeWitt was good enough to post part of Darionani's note on his Apple 3.0 site and in fairness Ad Rock's not

saying that he's the only one who understands. It's just always funny to me when analysts

explain to investors what investors don't get in almost those exact words

We think wearables as a category is under-appreciated by investors says Darienani's note at first that note seems to pit

wearables against services though it comes around to pitching wearables and services

quoting the note, while we understand the focus on iPhone sales,

we think services and wearables sustaining over 20% growth

driven by increased penetration of the install base could serve as a

catalyst to drive new customers to the iOS ecosystem and enable Apple to show accelerating growth even if iPhone sales remain flat.

By themselves, the analyst thinks weirables could contribute $60 billion plus in sales

over the next few years and at about two dollars to

long-term earnings per share roadmap for Apple. The success of Apple Watch and

...