Bloomberg Daybreak: US Edition
Bloomberg Bonus Episode: Apple and Intel Earnings
Jan 30, 2025
Angelo Zino, a Senior Equity Analyst at CFRA Research, and Caroline Hyde, a co-host at Bloomberg Technology, dive into the latest earnings reports from Intel and Apple. They discuss Intel's struggles amid leadership changes and competition from NVIDIA, highlighting cautious spending in AI. The analysis shifts to Apple, where disappointing iPhone sales clash with a record in service revenue. They also tackle the need for new growth strategies and the looming challenges in the market, particularly concerning competitive pressures and succession planning.
34:55
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Podcast summary created with Snipd AI
Quick takeaways
- Intel's disappointing earnings and leadership uncertainty highlight the urgent need for a strategic overhaul amidst fierce competition in the tech sector.
- Apple's resilience in the services market contrasts with declining iPhone sales, emphasizing the importance of innovation to regain consumer interest, especially in China.
Deep dives
Intel's Financial Performance and Leadership Uncertainty
Intel reported its first quarter adjusted gross margin at 36%, falling short of the 39.3% expected by analysts. Meanwhile, the company’s revenue forecast of $11.7 to $12.7 billion also did not meet street estimates of $12.85 billion. The uncertainty surrounding Intel’s leadership, following the ousting of CEO Pat Gelsinger, adds to the overall apprehension about the company's future. Investors are particularly keen on clarity regarding the new CEO, as current forecasts point to an ongoing struggle for Intel amidst a competitive landscape.
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