The Joseph Carlson Show cover image

The Joseph Carlson Show

Episode 354 - Why I Keep Buying Quality Stocks

Nov 4, 2023
Discussion on recent earnings reports, analysis of Apple's earnings report and the importance of their ecosystem, exploring the revenue decline and hidden growth in Apple's business, analysis of various companies' strong financial performance, decline in consumer discretionary spending, success of Amazon's prime day, growth of subscribers for companies like Netflix and Spotify, and quality of shot on iPhone footage from an Apple event.
18:26

Podcast summary created with Snipd AI

Quick takeaways

  • Apple's ecosystem and the growth of its services segment provide a positive outlook for the company's future.
  • S&P Global's consistent performance and strong leadership have resulted in positive results in this earning season.

Deep dives

Apple's Earnings Report: Strong Performances and Growing Services Revenue

Apple recently reported its earnings, with strong performances in earnings per share, revenue, and iPhone revenue. While Mac revenue and wearables revenue were slightly below expectations, the services revenue, seen as the most important segment for Apple, showed growth. The company's ecosystem, which includes a range of products like Apple Watch, AirPods, and iPads, drives customer loyalty and offers multiple revenue opportunities. Despite a flat total revenue compared to the previous year, the services segment has continued to grow, doubling since 2018. The ecosystem's strength and the growth of services provide a positive outlook for Apple's future.

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