Wall Street Worries Over iPhone - MOSK: 10.27.2023

Mac OS Ken

Ken Ray

Technology

4.7 • 996 Ratings

🗓️ 27 October 2023

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

- Piper Sandler Cuts Apple Expectations While Staying Bullish on Shares - UBS Worries Over Shorter Waits for iPhone 15 Line - Counterpoint Research Sees Strengthening Smartphone Sales in China - ITC Decision Increases Possibility of Apple Watch Ban in US - First Betas of Next Round of OS Updates Out to Developers - MacRumors Highlights Features Headed to iOS 17.2 - tvOS 17.2 Beta Sports Navigation Changes - Apple Promises Fix for BMW/NFC Wireless Charging Bug - Battery Drain and Overheating Complaints Post watchOS 10.1 Update - Apple TV+ Announces Extensive Docuseries on Murder of John Lennon - Sponsored by Green Chef: Go to GreenChef.com/60mok and use code 60mok for 60% off plus free shipping - Chat with us in Patreon for as little as $1 a month. Support the show at Patreon.com/macosken - Send me an email: info@macosken.com or call (716)780-4080!

Transcript

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0:00.0	This is Mac OS-Cam.
0:05.0	This is Mac OS Ken.
0:09.0	Wall Street worries over iPhone, a perilous time for Apple Watch, and new OS medas already? It is Friday, the 27th of October,
0:19.4	2023. I'm Ken Ray, and this is news from Maco West Ken brought to you by yours truly and
0:29.2	sponsored by Green Chef the number one meal kit for eating well.
0:34.0	Go to Green Chef.com slash 60MOK and use code 60MOK for 60% off plus free shipping.
0:46.6	This show is also supported by people like you,
0:50.6	patrons through Patreon. Find out more and add your support at patreon
0:57.0	dot com slash mako-o-skens
1:02.0	The markets were down on Thursday and there was little to keep
1:06.0	Apple from falling with them. While the note from Piper Sandler analyst Harsh
1:10.6	Kumar maintained a positive rating on Apple's shares and at this point a decidedly high
1:16.0	price target it came with not so great news.
1:20.5	Apple 3.0 ran part of the note he wrote.
1:24.0	Quoting Mr. Kumar, we are reducing estimates on Apple's December quarter guide ahead of earnings next week.
1:31.0	The primary reasons for our cut are a tough global phone environment, initial
1:36.0	weakness for iPhones in China, and slightly tough compares for Mac and iPad.
1:42.1	Throw in a tough macro and the analyst expects Apple to perform below his previous estimates
1:48.0	which were already lower than the streets.
1:52.0	India is a bright spot, though not bright enough near term.
1:57.0	Quoting his note again, while India will provide some recourse versus declining China sales, we don't think it'll be enough to offset global
2:05.6	and China weakness. We see India gaining 3 to 4 percent, while China declines 5 to 6 percent.
	...

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