Tech Giants: Apple 2019
Apple Results. Tech Giant Earnings for Very Busy People.
Apple, Facebook, Amazon and Alphabet (Google) all report within a quick week their 2019 yearly results. The headline: overall media sentiment does not align with actual results.
First up: Apple:
Apple’s big business model pivot to software and services taking longer than expected – it was surprising to see iPhone sales up. But the blue and purple dot of services and software is not moving as swiftly as the company had planned. They are positioning their shift to services strategy to investors but as you can tell by the color-coded red blobs – their business model is still hardware, hardware, hardware.
Special mention to a fast-growing wearables segment, mostly driven by Airpods (you can’t buy just two).