iPhone Demand Still Solid
Our big takeaway from Apple earnings is that consumers still want iPhones and the accessories and services that go with it.
Apple reported second quarter earnings and we had two big takeaways.
The first is that there is no supercycle for the iPhone X this year. But we still see solid demand for those devices as seen in second quarter earnings and the third quarter forecast.
Brian Colello does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.