Apple Shares in Middle of Innings of Upward Cycle: Wedbush Securities

The transcript discusses the performance and expectations of iPhone sales, highlighting the strong market presence in China and the impact of pricing strategies. It addresses the challenges of market saturation and the importance of Apple's services. The potential for content growth through acquisitions is explored, with a focus on disrupting competitors like Netflix. The discussion shifts to Twitter's decision to ban political ads and Facebook's strategic positioning in the political advertising space.

What was the unexpected outcome for iPhone 11 sales in China?

• Sales were 15-20% above expectations.

• Sales were 50% below expectations.

• Sales were exactly as expected.

• Sales were below expectations.

What is a key factor in Apple's strategy to maintain growth?

• Reducing the number of products.

• Focusing on services and bundling.

• Expanding into new markets.

• Increasing the price of iPhones.

How might Apple's service bundles impact competitors like Netflix?

• They could increase Netflix's subscriber base.

• They could have no impact on Netflix.

• They could lead to a partnership with Netflix.

• They could disrupt about 10% of Netflix's install base.

What significant decision did Twitter make regarding advertising?

• To increase political advertising.

• To ban all political advertising globally.

• To reduce advertising costs.

• To partner with Facebook for advertising.

How is Facebook's approach to political advertising different from Twitter's?

• Facebook is embracing political advertising.

• Facebook is stepping back from political advertising.

• Facebook is banning all advertising.

• Facebook is reducing its political advertising.