Tech: Apple, Fitbit, Spotify, Oh My!

Industry Focus

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4.6 • 854 Ratings

🗓️ 2 November 2018

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Earnings season never disappoints. Apple posted seemingly strong results, but the market was disappointed in changes to its reporting and guidance. Ditto for Spotify, who made some changes to its expected subscriber counts for 2018 and sold off after its report. But Fitbit made a statement with the success of its smartwatch segment and shares are up over 30%.

Should Apple and Spotify investors be worried? And Does Fitbit belong on your watch list?

Stocks: AAPL, SPOT, FIT

Transcript

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0:00.0	Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day.
0:07.0	Friday, November 2nd, we're talking tech earnings.
0:10.0	I'm your host Dylan Lewis and I'm joined on Skype by senior tech specialist Evan New.
0:15.0	Evan, how's your Halloween?
0:17.0	That was good. The kids had a good time.
0:20.0	You've got two young kids. What were the costumes this year? What did they get into?
0:24.2	They did Batman and Harley Quinn. All right and did you and your wife dress up or did you just take the kids around?
0:30.3	My wife is into dressing up. I am not because I'm not fun like that.
0:34.0	You can't even make concessions with the kids?
0:38.0	I wound up doing two costumes this year.
0:41.0	I had a Harry Potter murder mystery that I did
0:44.4	last weekend with some friends and then I was the I was the morti to my
0:49.0	girlfriend's Rick of Rick and morti over the weekend So I went from having a nice big beard to shaving it because
0:56.2	to be a 14 year old boy for Halloween. You cannot have a beard. But it sounds like we both
1:01.7	had a pretty good time. I hope your kids had plenty of
1:03.7	candy loot. It's probably driving you a little crazy.
1:06.0	Oh yeah, of course.
1:08.0	Well, we are going to be talking about our treat, Evan, and that is Financial Reports and some fresh earnings takes on some
1:15.0	companies that we love to cover. We have big earnings releases from Fitbit,
1:19.2	Spotify, and Apple. We're going to do our best to hit all three and not get too long-winded. I know we can do that sometimes
1:25.4	when we talk Apple. Why don't we kick things off with Fitbit? This is a company that has
1:30.2	desperately needed some good news and it seems like they finally got it
	...

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