Apple's Still a Stock to Own for the Long Term, JMP's Lehmann Says

The transcript discusses the investment potential of a company transitioning from a product-based to a services-based model. It highlights the challenges of declining unit sales and the importance of services revenue. The discussion includes market perception, potential innovation, and valuation based on growth. A comparison with Microsoft's transition to a services company is made, and the impact of China relations on the company's stock is explored.

What is the main reason for the slowdown in Apple's unit sales?

• Matured device market

• Increased competition

• Lack of marketing

• High prices

How is Apple expected to benefit its shareholders in the long term?

• By focusing on services revenue

• By increasing unit sales

• By reducing product prices

• By launching new products

What is the expected trend in Apple's product design over the next few years?

• Complete redesign of all products

• Focus on new product categories

• Minor improvements in quality and battery life

• Revolutionary design changes

Which company is Apple compared to in terms of transitioning to a services company?

• Facebook

• Microsoft

• Amazon

• Google

What external factor is affecting Apple's stock performance?

• Economic recession

• Currency fluctuations

• Trade wars with China

• New competitors