Global Macro Monitor

Why Is Apple Rallying?

July 30, 2019 11:22 PM

For iPhone, we generated $26 billion in revenue. While this is down 12% from last year’s June quarter, it is a significant improvement to the 17% year-over-year decline in Q2. – Tim Cook, Earnings Conference Call, July 30

This is why Apple stopped reporting iPhone sales and breaking out revenue by components. Does the market really believe Apple is now “Beyond ~~Meat~~ iPhones?”

If he can convince the market of this and maintain Apple’s close to $1 trillion market cap, Tim Cook is the Master Chef of earnings presentations. One Helluva Cook!