Tech’s ‘Golden Age’ Keeps Analyst Ives Bullish on Sector

The transcript discusses the uncertainty in the market, particularly focusing on Apple's upgrade cycle and the potential for growth in the technology sector. It highlights Apple's profitability, especially in services, and the anticipated supercycle. Despite market nervousness, particularly related to China, the outlook for tech stocks remains positive, with expectations of significant growth.

What percentage of Apple's install base has not upgraded their phone in the last 3.5 years?

• 50%

• 40%

• 30%

• 60%

Why is the profitability profile of Apple dramatically higher in services compared to hardware?

• Lower production costs

• Higher gross margins

• Increased marketing

• Better customer service

What is the expected impact of the supercycle on Apple's stock price in the next 6-9 months?

• $100

• $180

• $120

• $150

What is a key factor contributing to the recent decline in Apple's stock price?

• General nervousness about the supercycle

• Decreased demand in Europe

• Increased competition

• Lack of innovation

How does China play a role in the overall tech cycle?

• As a major supplier of raw materials

• As a key market for demand

• As a competitor in technology

• As a regulator of tech policies