The Case Against Big Acquisitions for Apple - MOSK: 04.07.2023

Mac OS Ken

Ken Ray

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

4.8 • 972 Ratings

🗓️ 7 April 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

- BofA Ups Apple Target to $168; Sticks with Neutral Rating - Bloomberg: Big Acquisitions Not Likely for Apple - Best Buy Starts Sales of Unlocked iPhones (14 Line Not Included) - Apple Devices Still Having Weather Issues - Apple Changes Instruction for Accidental Crash Detection Calls - Apple TV+ Announces Mid-May Premier for “High Desert” - Half-a-Million in Gear Stolen from Washington State Apple Store - Sponsored by HelloFresh: America’s #1 Meal Kit! Go to HelloFresh.com/mok50 and use code mok50 for 50% off plus your first box ships free! - 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.
0:08.8	A raised target on Apple shares, arguments against a big acquisition, and an amazing Apple store burglary.
0:17.4	It is Friday, the 7th of April, 2023.
0:20.9	I'm Ken Ray, and this is news from Maco West Ken brought to you by yours truly and
0:29.3	sponsored by Hello Fresh America's's Number One Meal Kit.
0:34.7	Go to Hello Fresh.com slash M-O-K-50
0:39.3	and use code M-O-K-50 for 50% off. This show is also supported by people like you, patrons
0:50.0	through Patreon. Find out more in that your support at Patreon.com slash Maco West can.
1:03.2	Neutral with a bullet?
1:06.3	That might be one way to describe B of a global research analyst,
1:09.6	Wamsi Mohan stance on Apple shares. Barons highlighted a note from the analyst this week
1:16.1	wherein he upped his price target on Apple but kept his neutral rating on the
1:20.8	shares because things are fine.
1:26.6	Quoting his note, our checks suggest iPhones and services
1:30.0	are stable to better with revenue additionally aided by incremental foreign exchange currency
1:35.6	tailwinds.
1:37.4	Although Max and iPads have trended worse, the highest profit margin parts of the portfolio will likely keep gross margins stable.
1:47.0	As for the future, it seems evenly split in Mr Mohan's estimation. While he expects Apple Services
1:55.6	segment to improve this quarter, he thinks iPhone sales could improve and
1:59.8	he's conscious of the anticipated mixed reality headset on the horizon.
2:04.8	Benefits could be muted thanks to weaker spending by consumers.
2:10.9	In other words, he's kind of neutral on it. So why up the price target?
	...

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