Bloomberg Talks Deepwater Asset Management Managing Partner/Co-Founder Eugene Munster Talks Apple and Amazon Delivered Earnings
Jan 31, 2025
Eugene Munster, Managing Partner/Co-Founder of Deepwater Asset Management, shares insights on Apple and Amazon's recent earnings. He discusses Apple's modest revenue outlook, challenges in the Chinese market, and ongoing efforts to diversify production. The conversation also highlights how AI is shaping Apple's latest products and enhancing user engagement. Additionally, Munster elaborates on the tech landscape, examining upcoming earnings from major players and the significant investment trends in artificial intelligence across the sector.
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Apple's Positive Outlook
- Apple's low to mid single-digit revenue growth forecast is a positive sign for investors.
- This is especially true given the context of weaker iPhone sales and revenue decline in China during the holiday quarter.
Apple's Diversification Strategy
- Apple has been diversifying its production away from China, reducing reliance from 60% to 45% in four years.
- This diversification mitigates the risk associated with China's logistics and potential tariffs.
Apple Intelligence Impact
- Apple Intelligence has positively impacted iPhone sales in regions where it's available.
- However, the full potential of Apple Intelligence hasn't been realized yet, with further development and broader rollout needed.