What I am looking at July 29, 2022
- Apple (AAPL) quarterly earnings were much stronger than anyone thought because of currency hedging: India, Brazil, Indonesia and China. Extraordinary performance and installed base is now gigantic so revenues are still good. Stories: 1.8 billion active users; services $19.6 billion; advertising going higher; sales during China's "618" shopping festival were incredibly strong. Much more financials coming. Will have lifetime value of subscriber because 98% customer satisfaction.