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Why Apple Shares Are Falling After Earnings Report

Oct.29 — Apple Inc. reports iPhone sales that missed Wall Street estimates and a slump in revenue from China while giving no forecast for the key holiday quarter. Bloomberg Intelligence’s Anand Srinivasan has more on “Bloomberg Markets: What’d You Miss?”

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Oct.29 — Apple Inc. reports iPhone sales that missed Wall Street estimates and a slump in revenue from China while giving no forecast for the key holiday quarter. Bloomberg Intelligence’s Anand Srinivasan has more on “Bloomberg Markets: What’d You Miss?”

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25 Comments

25 Comments

  1. ultradeadd

    October 29, 2020 at 9:45 pm

    Because people are waking up to how stupid it is to replace their year old phone

    • Karl

      October 29, 2020 at 11:00 pm

      @Joseph Gutierrez I agree it doesnt make sense at first, the more i think about it the more i begin to realize it makes perfect sense. A large percentage of apple iPhone users had iPhones in the past, so economically it would make no sense for apple to include a another charger in the box if most of their recurrent users already have some. Furthermore, they this allows apple to keep their prices relatively constant when compared to last year or the year before while still adding new hardware features such as five 5G. If they kept the charger youd be paying for something you already had twice. Its also lest wasteful on the environment. It allows apple to save on shipping costs because of the smaller box which are saving that will eventually be passed on to the consumer.

    • Longlivetony

      October 29, 2020 at 11:11 pm

      I think you’re right. I have no interest upgrading my iphone x. Maybe when they add 120hz and something more, but as of right now the upgrade isn’t worth it. The samsung galaxy fold 2 looks dope though.

    • Exauce Mayunga

      October 29, 2020 at 11:34 pm

      @Karl what about the headphones?

    • will Robinson

      October 29, 2020 at 11:55 pm

      @Karl I have 5 chargers

    • will Robinson

      October 29, 2020 at 11:56 pm

      @Joseph Gutierrez why not get charge paid so you can do 2 or more apple devices simultaneously

  2. How Not To

    October 29, 2020 at 9:47 pm

    Yessss apple should get destroyed since they’re creating the worse e waste on earth with their non fixable crap

  3. Muhammad Rameez

    October 29, 2020 at 9:47 pm

    How even there shares are going upward.

  4. Dont be a retard or a bitch

    October 29, 2020 at 9:53 pm

    We can’t assassinate Sundar apparently. Why not make Israel the east bank? We can’t get them in NATO they are too radical.

  5. Matthew Park

    October 29, 2020 at 10:21 pm

    Simple answer. The Election.

    • Karl

      October 29, 2020 at 10:39 pm

      Election yes, but even more so the lack of certainty surrounding stimulus talks.

    • Matthew Park

      October 29, 2020 at 11:02 pm

      @Karl true

    • I am Monika

      October 29, 2020 at 11:08 pm

      @Karl Also no Q1 ’21 guidance, why are people going to buy AAPL at 40% the price higher from ’19 Q4 when their earnings were down twice as much? Makes no sense..and don’t say inflation, we’re in deflation right now! Sell…

    • Ratedr 711

      October 30, 2020 at 1:29 am

      Every election years has shown growth mostly everytime so its not a argumenr

  6. Robert Jackson

    October 29, 2020 at 10:36 pm

    0:11
    nice-girls-chat.online

  7. Gustavo Perez

    October 29, 2020 at 10:40 pm

    China us the weakness in the Apple business model. They have done a very good job (or been very lucky) managing this risk. If we get another stimulus I expect AAPL will do well.

  8. One punch Meme 1

    October 29, 2020 at 10:40 pm

    This channel has a bunch of fake subs. I think when mainstream news channels make youtube channels they youtube packs it with subs. The view count is always super low in comparison to the sub count.

    • Nicki

      October 29, 2020 at 11:14 pm

      It sounds like a conspiracy theory to me. maybe you should get to the bottom of this..

    • One punch Meme 1

      October 29, 2020 at 11:28 pm

      @Nicki Right… Think about it for a moment. The CEO has been trying to turn YouTube into mainstream TV few some years. How else do you explain a channels like this, or even MSNBC wich has such a large sub count in a short time, with so little views. I’m subbed to a few smaller channels with a few thousand subbs that get more views than this.

    • male version of Karen

      October 29, 2020 at 11:37 pm

      @Nicki lol hes right though

    • You Tube

      October 30, 2020 at 12:04 am

      It’s because of an.al

  9. Ken Yup

    October 29, 2020 at 10:53 pm

    it’s nothing to do with China or Apple competitors,their new Apple iPhone just started selling from October,the Chinese users just awaited for the new iPhone and didn’t buy their old models though,that’s why their iPhone sales numbers in China was ugly,just keep patient on their Q1 reporting plz,I just confident with their next quarter report

  10. Hunter Spencer

    October 29, 2020 at 11:02 pm

    No one likes the “sell less for more” market strategy. I believe Apple will lose significant market share going forward.
    Take note Samsung, Google and OnePlus.

  11. Wigbert Lui

    October 29, 2020 at 11:41 pm

    Apple should have lost to Huawei in terms of natural competition if not US government step in. You look at the product itself, iPhone 12 battery life is just crap, heat up like a warm egg after 30mins gaming, charging speed slow like a ????, 3 basic requirements of a decent phone are all failed but then apple charged the same price. And for god sake, if you want carbon neutral, use usb type c not lightning, try to use environmental excuse for better profit, sorry, it won’t work.

  12. Jj W

    October 30, 2020 at 12:35 am

    iPhones have been in the decline for years versus the competition. Other phones are better, cheaper, more technologically advanced and feature rich. iPhones are simply too highly priced for their technology and emerging economies who have to be selective due to limited funds will pick other phones. Apple recently has taken up technology from other smartphone makers much later. Their services and iPads are what’s driving them now and their 30% cut from the App Store.

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Bloomberg’s Ed Ludlow discusses the latest announcement made by President Donald Trump, which will see Apple and Intel joining forces to produce chips domestically, sending shares of the chipmaker higher. Plus, Anduril’s CEO discusses how the company won a contract with the US Air Force to produce autonomous fighters. And, SpaceX wraps up its first full week of trading, with shares falling for a second day straight.

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Video platform Rumble is jumping on the AI bandwagon with its newest AI platform. Launching as Quake AI, the new sector combines cloud, compute, and AI infrastructure, and is slated to dominate the company’s business segment. Rumble CEO Chris Pavlovski joins Ed Ludlow on “Bloomberg Tech” with more on the pivot.
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SpaceX’s historic public debut comes during a critical inflection point as a wave of multibillion-dollar AI companies prepare to go public. With the unprecedented IPO, investors are anticipating a wide-scale “distribution event” that will give private markets the fresh cash it desperately needs. Matt Witheiler, Head of Late-Stage Growth at Wellington Management, thinks the private tech ecosystem will see a cash return. He joins Ed Ludlow of “Bloomberg Tech”.
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