In the riveting saga of Apple’s financial adventures…
The tech titan has once again managed to squeeze past Wall Street’s predictions – proving that being the underdog is so in right now.
Apple is as Apple does, I guess…
Because it can even LOSE money – and keep Wall Street happy – who’d have thunk it, right?
Seriously, it’s making less money…
Of course, it’s just a 4% dip in sales compared to last year – but it’s enough. And while Apple’s latest quarterly report might not have blown anyone’s socks off – at least it didn’t crash and burn like a poorly designed app.
Or a self-driving car.
Too soon?
Either way, Apple’s quarterly numbers weren’t stellar – but it was enough to keep vultures from circling.
In fact, its numbers made a lot of people very happy…
So, what’s the buzz all about?
Let’s get into it…
Yes, Steve Job’s baby made less money than last year…
But that means Apple (AAPL) still raked in a modest $90.8 billion – a figure that caused a collective sigh of relief among investors who had been bracing themselves for the worst.
Sure, iPhone sales took a bit of a nosedive – particularly among the discerning Chinese market – but fear not, dear shareholders, for the almighty services division has ridden in on its trusty steed to save the day.
Thanks to a 14.2% surge fueled by App Store splurges, iCloud plans, and the ever-growing army of AppleTV+ subscribers – Apple managed to avoid sinking into the depths of financial despair.
And if that wasn’t enough to put a pep in your portfolio’s step – Apple sweetened the deal with a juicy $110 billion buyback…
Because who needs innovative products when you can just buy back your own shares, right?
So, what’s wrong with Apple?
Well, let’s zoom out for a moment and ponder the trifecta of troubles that have been keeping Tim Cook up at night.
Firstly, there’s the little issue of China – where Apple’s once-glorious reign is starting to resemble a faded iPhone screen.
Then, of course, there’s the pesky antitrust scrutiny looming over Cupertino like a dark cloud of regulation…
And let’s not forget about Apple’s AI department – which seems to be stuck in a perpetual game of catch-up with the likes of OpenAI and Google (GOOG).
But Apple has a plan to keep up with the digital Joneses: chatbots!
Yes, you heard that right…
In a bid to dazzle investors and distract them from the seemingly impending doom – Apple is cozying up to the bigwigs at OpenAI and Google to weave some chatbot magic into iOS 18.
Because nothing says “cutting-edge technology” like a virtual assistant that is behind on development, right?
But there’s more…
Apple’s quest for AI supremacy comes with a hefty price tag.
So, it seems things are looking, um… er, sideways for Apple.
With all the uncertainty going on around Apple – one thing is clear: the only thing more unpredictable than Apple’s financial results is the company’s next move.
However, as uncertain as things are for Apple – it may be primed for profit.
It really all depends on the data behind the data…
Which can be tricky to decipher.
GorillaTrades trading matrix is only triggered by data. A company has to have the numbers behind it to make it to our recommendation list.
If the numbers don’t jibe – then we won’t recommend it – and there’s no amount of hype or rumor will change our minds.
I’d love to tell you how it works – but it’s so much easier to show you – which is why I’m inviting you to become a member today.
Act now and to make sure you’re on the list for the next round of picks…
However, we understand that there are a lot of people who would rather do the research themselves, which is fine – just know we’re here whenever you’re tired of doing all of the work.
Though you might want to keep your eye on Apple…
It could be on the verge of a big spike – or drop.
Exciting, right?
Until next time…
“Creativity is people who care enough to keep thinking about something until they find the simplest way to do it.” – Tim Cook