Apple’s (AAPL) Vision Pro will drive gains in the future, notes Ross Gerber. He discusses AAPL as its earnings were just released. AAPL’s 4Q adjusted EPS came in at $1.46 versus an estimated $1.39 and revenue came in at $89.50B versus an estimated $89.03B. Apple CEO Tim Cook said that the iPhone 15 Pro and 15 Pro Max models are supply constrained, and they expect iPhone 15 supply-demand balance to be fixed this quarter. Gerber discusses how service is a great business for AAPL, along with its many products. He compares the interest in Tesla’s (TSLA) Cybertruck to AAPL’s Vision Pro. He also highlights that technology has a natural upgrade cycle, so he doesn’t think people are going to go out of their way to get a slightly better chip. Tune in to find out more about the stock market today.
Market On Close
02 Nov 2023
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