Janus Capital's Denny Fish on Apple 3Q Earnings

The video discusses Apple's market position as its shares hit an all-time high, nearing a trillion-dollar valuation. Despite lower-than-expected iPhone sales, higher prices boosted revenue. The discussion covers Apple's stock evaluation, focusing on its services and future prospects, particularly the sustainability of average selling price (ASP) increases. The video also provides an overview of the tech sector, highlighting the performance of companies like Microsoft and Alphabet, and the semiconductor industry's growth.

What was a key factor in Apple's revenue beating expectations despite lower iPhone sales?

• New product launches

• Higher average selling price

• Increased marketing efforts

• Reduced production costs

How is Apple's stock currently valued compared to the S&P 500?

• At a discount

• At a premium

• At the same level

• Higher than ever before

What is a major challenge for Apple's future growth according to the transcript?

• Increased competition from Android

• Declining brand loyalty

• Rising production costs

• Limited growth in smartphone units

What percentage of Apple's revenue is currently from services?

• 18%

• 30%

• 25%

• 10%

What trend is benefiting the semiconductor industry according to the transcript?

• Rising demand for gaming consoles

• Shift to connected content in various sectors

• Growth in PC demand

• Increased smartphone sales

Which companies were highlighted as winners in the tech sector?

• Apple and Samsung

• Microsoft and Alphabet

• Netflix and Facebook

• Intel and AMD

What was a significant factor in the market's reaction to Netflix's earnings?

• Increased competition

• New product launch

• High expectations and moderate miss

• Regulatory challenges