Bloomberg Daybreak: US Edition Bloomberg Bonus Episode: Apple and Intel Earnings
Jan 30, 2025
Angelo Zino, a Senior Equity Analyst at CFRA Research, and Caroline Hyde, a co-host at Bloomberg Technology, dive into the latest earnings reports from Intel and Apple. They discuss Intel's struggles amid leadership changes and competition from NVIDIA, highlighting cautious spending in AI. The analysis shifts to Apple, where disappointing iPhone sales clash with a record in service revenue. They also tackle the need for new growth strategies and the looming challenges in the market, particularly concerning competitive pressures and succession planning.
AI Snips
Chapters
Transcript
Episode notes
Apple Stock Lagging
- Apple's stock is down about 5%, lagging behind other tech companies.
- Investors seek clues on the company's next move.
Apple Q1 Performance
- Apple met Q1 expectations with roughly 4% YoY growth.
- iPhone and China sales disappointed.
iPhone Miss Due to China
- The iPhone miss seems primarily attributable to weakness in China.
- Western markets likely performed better.