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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.

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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.

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Brian Colello does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.