Reactions to Apple Earnings - MOSK: 02.06.2023

Mac OS Ken

Ken Ray

Mac, Computers, Technology, Ipad, Tablets, Phones, Iphone, X, Apple, News, Smart, Os, Smartphones

4.8 • 972 Ratings

🗓️ 6 February 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

- Reactions to Apple’s Q1FY23 Earnings - Counterpoint: Apple Took 85% of Global Smartphone Profits in 2022 - South Korean Regulators Give Green Light to Apple Pay - macOS 13.2 Update Kills Compatibility with Pioneer Optical Drives - Apple Original Tetris to See SXSW Premier - Bloomberg: Apple to Do Without Industrial Design Chief - Original MIB iPhone Up for Auction - Looking for The Mac Observer's Daily Observations Podcast? Put this link in your podcatcher of choice: https://www.macobserver.com/rss/dailyobservations_mp3.xml - Power what we do next for as little as $1 a month. Join the Mac OS Ken Test Kitchen at Patreon at Patreon.com/macosken - Send me an email: [email protected] or call (716)780-4080!

Transcript

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0:00.0	This is MacOS Ken.
0:07.0	Reactions to Apple Earnings, South Korea OK's Apple Pay and playing Tetris at South by Southwest.
0:17.4	It is Monday the 6th of February 2023.
0:21.2	I'm Ken Ray and this is news from Maco West Ken brought to you by yours truly and
0:29.2	supported by people like you, patrons through Patreon.
0:35.2	Find out more and add your support at Patreon.
0:38.9	dot com slash Maco-S-Can.
0:45.4	What came out of Apple's first quarter fiscal year 2023 earnings call seems to have been viewed
0:50.2	positively by analysts following the Cupertino company, or at the very least not overly
0:57.2	negative.
0:58.8	Apple 3.0 ran reactions from the Financial Folk.
1:03.0	Only one moved in a decidedly negative way.
1:06.8	Raymond James analyst Melissa Fairbanks
1:09.4	decided to take a more conservative approach
1:11.7	to her firm's outlook for the year, given foreign exchange
1:15.0	headwinds and growing consumer-facing macro uncertainty.
1:20.3	She is expecting normalcy for 2024 though.
1:24.0	Fairbanks says members of her team continue to view the stock as being a core tech holding
1:30.0	which she says is likely to provide a relative support for shares
1:34.0	despite the market volatility.
1:36.2	Fairbanks hasn't outperformed rating on Apple's shares.
1:39.6	She did drop her price target on the shares though from $185 to $170.
	...

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