Apple stock has regained what it lost after earnings - and then some
source link: https://appleinsider.com/articles/23/02/03/apple-stock-has-regained-what-it-lost-after-earnings---and-then-some?
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Apple initially saw its stock price plummet right after Thursday's earnings, but less than 24 hours later it has risen to its highest price in five months.
Comments (5)
red oak
said about 8 hours agoThere are three key things that are driving the stock re-bound,
1) Increasing installed based. All GEOs and all product categories. Up over 150 million in last year. Even in this slowing environment, all is taking share and adding new users. Who will, eventually, buy more/new Apple products and feed Service growth
2) Increasing engagement of the users across the Apple platform. Luca mentioned this several times on the call, and how give him high comfort on future growth
3) Increasing margins. Apple projected all-time record gross margins for the March quarter. Even in the face of FX and the macro environment. This points to material step-up in margins when looking forward
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