CNBC: Mad Money
5/3/2024 11:00pm
... retired next year. when the enterprise adopts it. and hundreds of thousands are at a high price .in which this would be an actual needle mover for apple. be ready. the possibility is not baked into the share price at all. vision pro laugh now, pay later. and there is always a summary. ...
CNBC: Mad Money
5/3/2024 10:57pm
... of the new phone. because of all of the ai that will be loaded into it. cook has ensured me that i love the android which is also very impressive. i will go crazy for the apple take on the ai. also, no surprise was the vision pro. ...
CNBC: Mad Money
5/3/2024 10:57pm
... double-digit growth. that is a heck of much better than what would expect if you were listening to the skeptics. that apple was a no growth company from a 1%. but these numbers out of the way, the stock is pretty clear. first, the all empowerment developers talk and the launch ...
CNBC: Mad Money
5/3/2024 10:57pm
... things are the two best sellers were the iphone 15 and the iphone 15 max. and they went from bad to worse but it actually improved. i thought was finding it very encouraging. and it also helped apple with ...
CNBC: Mad Money
5/3/2024 10:57pm
... would expect. what they have given you. is that ceo tim cook judging at the stock is overwhelmingly cheap. i think apple is because the chinese sales defined the coasters. and he keeps tracks of these ...
CNBC: Mad Money
5/3/2024 10:56pm
... but they explained that the scale of the buyback is less about the stock and more about the apple attempt. at $150 billion at the end of the quarter. the currently have $105. in is in line with what you ...
CNBC: Mad Money
5/3/2024 10:56pm
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CNBC: Mad Money
5/3/2024 10:53pm
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CNBC: Mad Money
5/3/2024 10:33pm
... the travel theme is still has legs. but you need to consider international oriented like american express. compared to the domestic counterparts. and does this energy tech have what it takes to power your portfolio? i'm giving the latest. apple. there was one aspect that is not being mentioned at ...
CNBC: Mad Money
5/3/2024 10:29pm
... and booking holdings. but the star of the entire stock market. but perhaps even including apple. but booking grew by 10% year over year. coming in better. room was up by 9% total ...
CNBC: Fast Money
5/3/2024 9:43pm
... enamored off supportive the company. their hope, and i think the people that are fans of the stock is the rest of the portfolio grows to the point that apple doesn't domination to ...
CNBC: Fast Money
5/3/2024 9:42pm
... i think the concentration is the risk we're probably all getting to. how about a dynamic, where there are other megacap stocks that probably will be apple-like? microsoft certainly, the cash ...
CNBC: Fast Money
5/3/2024 9:42pm
... stocks can move the needle like apple. if i had a had 3%% in any one name and another six stocks probably would make up in the balance, because you add in chevron, axp, whatnot. ...
CNBC: Fast Money
5/3/2024 9:40pm
... identifying apple. to his credit, not only did he get on board, but ramped it up, put it in on side, and again he's been very careful and wary of tech his whole career. to make the greatest investment ...
CNBC: Fast Money
5/3/2024 9:38pm
... 60% of the portfolio, 'wall street journal' asks, is apple becoming one of the riskiest investments in that portfolio. gregory, great to have you with us. why so risky? ...
CNBC: Fast Money
5/3/2024 9:38pm
... in the meantime, apple's bounce gave a boost to berkshire hat hathaway. shares are up nearly 600% since they started buying the stock. ...
CNBC: Fast Money
5/3/2024 9:34pm
... un-berkshire-like bet when warren buffett took the first stake in apple, but will it continue to pay off? we have one expert who says it could say a lot of -- is _ ...
CNBC: Fast Money
5/3/2024 9:27pm
... on next week's earnings reports. what they're predicting. into plus, the oracle and the apple. has berkshire hathaway's huge bet on the iphone maker gotten too risky? ...
CNBC: Fast Money
5/3/2024 9:19pm
... we own apple. one of the things i was commenting about, i wouldn't chase it here. we own it, we didn't sell into this. it what wasn't's overwhelming reason. coming up, builders, banks ...
CNBC: Fast Money
5/3/2024 9:18pm
... you rather' which you did by yourself, unsolicited. i'll ask another one, mike, apple or alphabet? i would rather alpha about the, and microsoft, too. ...
CNBC: Fast Money
5/3/2024 9:17pm
... that they can do a multi-modal, large-language model on device that will be confide attractive. apple does not nearly spend the cap ex that some of these other ...
CNBC: Fast Money
5/3/2024 9:16pm
... time, where generative a.i. will live supposedly on this device, right? enabling a bunch of services. do you expect on the fall any wiz bang product coming from apple that will cause a ...
CNBC: Fast Money
5/3/2024 9:16pm
... the eps line. we think the valuation into the high 20 multiple range, comparable to the last five years, is justified given the breadth of what apple has. ...
CNBC: Fast Money
5/3/2024 9:15pm
... we believe it can hold a high 20 multiple, if not 30. one other consideration i would highlight is the fact that apple includes stock-based comp, it's about close to 10% dilution to ...
CNBC: Fast Money
5/3/2024 9:15pm
... that, and, again, where you are relative to apple. there's been times for a peak relative to itself. do you think that's here? ...
CNBC: Fast Money
5/3/2024 9:12pm
... situation is pretty grim. starbucks is not the same as apple, but if they are a canary in the coal mine in any way for china consumers, they didn't tell us a very good story this week at all. we also didn't see sequential ...
CNBC: Fast Money
5/3/2024 9:11pm
... have said. that's part of the reason people might be having this reaction here. i think there's been a focus at time, cutting corporate taxes, and i understand there's a cycle there that's happened. it's not apple. the other question, mike, is in the earnings call, did we ...
CNBC: Fast Money
5/3/2024 9:10pm
... earnings at mid to best hide single digits? it's not that attractive. the s&p 500 dividend yield is three times that of apple. i think you're overthinking this one. let's split it up. ...
CNBC: Fast Money
5/3/2024 9:09pm
... ecosystem, andi think that's what julie is getting to in a way. when we don't have trust about a lot of these other digital platforms forsh we do trust apple for a whole host of ...
CNBC: Fast Money
5/3/2024 9:09pm
... i understand the privacy aspect, but in terms of trust with apple in terms of a product that actually works, that doesn't exist -- the ongoing joy is that siri stinks, right? ...
CNBC: Fast Money
5/3/2024 9:08pm
... talked about trust with the company, or the consumer has trust, does the investor community have the same trust with apple as they had two years ago? it's been a big underperformer, even with today's move, it's underperformed by about 50%. ...
CNBC: Fast Money
5/3/2024 9:05pm
... i thinks it's they'll leverage the work of other companies, and the thing that's beneficial to apple that i don't think a lot of tech companies have, they have trust with their customers in a way that google doesn't. ...
CNBC: Fast Money
5/3/2024 9:05pm
... and a turn in china, when it seems like, in terms of the number of units sold, that was down, but the asps were higher. for sure the market is giving apple the benefit of the doubt. ...
CNBC: Fast Money
5/3/2024 9:05pm
... it sounds like a bad theme, but in this -- with this pop, are we giving apple the benefit of the doubt? ...
CNBC: Fast Money
5/3/2024 9:03pm
... a.i.-led product psych the refreshl. if we're just asking about apple, is this smoke and mirrors? absolutely not. it's real. it's nothing fake about it. yeah, being i don't think you can take a market expanding to ...
CNBC: Fast Money
5/3/2024 9:02pm
... distraction to get the investors to look away? did we just buy that today in terms of the stock popping today? no, it's not a distraction like tesla. apple should get the benefit of the doubt. ...
CNBC: Fast Money
5/3/2024 9:02pm
... airpods saw sales down. tim cook said he feels good about the businesses in china. recent. reporter: has suggested that apple is in fact losing share in that region. is apple using the buyback as ...
CNBC: Fast Money
5/3/2024 9:01pm
... tonight. we start with a human move last night on appear 8 after the tech titan announced a monster buyback, the largest in history across all companies. apple is no strange tore giant repurposes, reducing share count ...
CNBC: Fast Money
5/3/2024 9:00pm
... apple engineering. are thing as good as the price action suggests? plus a rate rout. ...
CNBC: Fast Money
5/3/2024 9:00pm
... monday. the ceo, peter raw rawlinson wi join us on monday. ending the week both apple and peloton up 8% on the week, ...
CNBC: Closing Bell
5/3/2024 8:00pm
... in and talks about when the fed could cut. and what is next for apple after a massive buyback? we'll talk to an analyst who says there is a lot more upside ahead for th ...
CNBC: Closing Bell
5/3/2024 7:55pm
... rebuilding the possibility for fed rate cuts down the road because patience might be rewarded on inflation. had amazon and apple earnings, plus all the rest that have built toward a conclusion that earnings estimates seem fine. what happens after earnings season, you roll ahead in ...
CNBC: Closing Bell
5/3/2024 7:41pm
... even meta, even with the dividends, the bulk of the catch is going to come in the form of buybacks. so apple announces $110 billion buyback, they can announce a buyback and cash balance will still go up. that's what i think is so ...
CNBC: Closing Bell
5/3/2024 7:36pm
... that softer than expected jobs report and earnings beat from apple. question now, with big tech earnings out of the way, are those names overvalued or not? let's ask the dean of valuations aswath damodaran, the professor of finance at nyu's stern school ...
CNBC: Closing Bell
5/3/2024 7:31pm
... and utilities and banks? probably. that's the berkshire story. the next great thing is probably not going to come up. i would like to see todd combs and ted wexler out front a little bit more, especially considering the fact that outside of apple, the stock ...
CNBC: Closing Bell
5/3/2024 7:30pm
... of the company in general, because of its financial heft. it is much more different. it has to be slower moving, make incremental bets, it was only early 2016 when the apple position was initiated. ...
CNBC: Closing Bell
5/3/2024 7:28pm
... out, at current bank interest rates. it is just in this incredible position. the apple position has been extremely important to the berkshire story over the last couple of years. and the negatives, they seem really cyclical. in the buffett letter, that had ...
CNBC: Closing Bell
5/3/2024 7:18pm
... at once. over the last month or so, it has been alphabet's turn in the limelight to the upside, maybe that will shift now, it will be apple. but investors still reach for these names when they're in doubt about the economic situation or the pace of the rate cutting cycle. ...
CNBC: Closing Bell
5/3/2024 7:18pm
... companies and we're talking about apple and microsoft. so, some of these are bigger than the whole russell 2000. if you think of it that way, it is tough to say we had a correction or that large cap tech was ever off the table, ...
CNBC: Closing Bell
5/3/2024 7:13pm
... of debt as well. so that capital return is good. the thing with apple that we have to watch is do we see an inflection in the core underlying fundamentals. it is great to return capital to us, but if you continue to have low single digit growth, it ...
CNBC: Closing Bell
5/3/2024 7:13pm
... they just don't look quite as huge next to apple's, which so stands out from the crowd. yeah, and it speaks to the quality of the earnings of the megacap tech stocks and the fact they're sitting on such huge cash piles that are generating a lot of yield because yields are so high, they don't have a ...
CNBC: Closing Bell
5/3/2024 7:12pm
... this the week that apple stock found it footing again, you offered a resounding yes? yes, but talk to me in june. because we're not breaking out into a new trading range. i think, look at how this company is making earnings every ...
CNBC: Closing Bell
5/3/2024 7:11pm
... 50-day, which does not happen often. that was the longest streak, you have to go back to october of 2015 to find a period of time where apple sat around wallowing in its own bear market for that length. so, i think something is ...
CNBC: Closing Bell
5/3/2024 7:11pm
... i'm looking at, apple has just broken through its 50-day moving average. it tested that level on the 29th but failed. now we're well through prior to the 29th apple had spent 62 straight trading days below its ...
CNBC: Closing Bell
5/3/2024 7:11pm
... i'm on a 13 pro max right now. and i am usually somebody who has the newest model. so, like, what is the thing? i agree with what erik had to say. i would also point out, apple has no problem doing things that are not backwards compatible. ...
CNBC: Closing Bell
5/3/2024 7:10pm
... and josh brown, josh a cnbc contributor. to you first, josh, just to expand on apple. as a shareholder, obviously, this is a great day for you and many others. it is. and i was definitely concerned going into the number, not ...
CNBC: Closing Bell
5/3/2024 7:09pm
... silicon to power your own device a.i. inferencing, some of your older models don't have the capability of giving you the user experience you need to run the workloads. if apple comes out and introduces a new siri, makes the ...
CNBC: Closing Bell
5/3/2024 7:09pm
... cycles, it changes in form, factor, new hardware. the other dynamic that you need to pair together with hardware is how backwards compatible can they make this software, meaning if it is powered by on device apple silicon, the latest apple silicon, and you need that ...
CNBC: Closing Bell
5/3/2024 7:08pm
... the next cycle. i'm looking for two different aspects when we get to the developer conference. first is, what are the features that apple can introduce that the average consumer can look at and say, wow, i want that. historically software is not usually a driver of upgrade ...
CNBC: Closing Bell
5/3/2024 7:08pm
... next quarter, in the june quarter, apple faces an 11.more difficult compare. so optically, you might get an acceleration of the year over year declines in china in june. that's not a function of demand worsening, that's a function of last year's june quarter being ...
CNBC: Closing Bell
5/3/2024 7:07pm
... mainland china. everything isn't perfect, of course. i completely admit that, but there isn't a secular problem. there is an issue of competition. if apple can innovate, come out with new generative a.i. features and new phone, that spells a very interesting ...
CNBC: Closing Bell
5/3/2024 7:07pm
... now, that doesn't mean that apple doesn't have some challenges when it comes to competition. huawei has come back, but to say that apple has lost its flavor with the chinese consumer would be misleading again, when we see that apple is growing in ...
CNBC: Closing Bell
5/3/2024 7:07pm
... challenge. there is competition in the china smartphone market, apple is losing its flavor amongst consumers in that market. that spells doom and gloom for multiple years. what we learned is that iphones grew in mainland china in the march quarter. far beyond most expectations. ...
CNBC: Closing Bell
5/3/2024 7:06pm
... that number has come down a bit. increased competition and declining market share. reconcile all of that for my viewers. sure, i would say there is a difference between a cyclical challenge and a secular challenge. i think coming into earnings the concern was apple has a secular ...
CNBC: Closing Bell
5/3/2024 7:06pm
... happening in china? better than feared, i get it. we declined 8.1%, that was better than feared. 8.1% decline is nothing to sneeze at. we still have an apple/china problem in a market that once was 20% of their growth. ...
CNBC: Closing Bell
5/3/2024 7:06pm
... engineering technical companies, buy talent, integrate them into the apple culture and ecosystem and build out that way. we have seen apple build up a number of businesses organically through that means. i see no reason why that won't continue. how do i view what is ...
CNBC: Closing Bell
5/3/2024 7:06pm
... use their cash through capex, and giving money back to shareholders, either through an increased dividend, which they did. or the massive buyback which they announced. and they will still -- they will still acquire companies, but apple's mo is to look to smaller companies, undiscovered ...
CNBC: Closing Bell
5/3/2024 7:05pm
... they have a different business model than many other megacap tech fears. i think sometimes that gets lost in conversation. apple doesn't need to invest in a massive cloud business that is more profitable at scale, what they need to do is leverage their existing device space, ...
CNBC: Closing Bell
5/3/2024 7:04pm
... story, not an innovation story, and that nothing material has changed. now, you've probably heard the same criticism today around the way. how do you respond to that? let's take both of them separately. apple announced the incremental $110 billion buyback ...
CNBC: Closing Bell
5/3/2024 7:03pm
... apple, silicon, the big powerhouse recently. they need to introduce new innovation, a.i. can be that catalyst, but we are still in a very uneven demand environment, concerns about rates, concerns about the economy, concerns about where jobs might be going. ...
CNBC: Closing Bell
5/3/2024 7:03pm
... because of the a.i. narrative and the a.i. playing into an iphone refresh cycle which has been stalled? exactly. the opportunity to refresh at a time when there is concerns that apple has gone x growth introducing this new technology ...
CNBC: Closing Bell
5/3/2024 7:02pm
... is historically when an apple outperforms, yet we have seen the stock start the year as one of the biggest underperformance years in the last decade. there is a catch-up trade, the risk is behind us, estimates seem derisked and there is a reason to be excited about the ...
CNBC: Closing Bell
5/3/2024 7:01pm
... more bullish on apple here. why so? sure, so i think the risk ultimately coming into earnings was a fear of a guidedown. we got a guideup. so, we move past the june quarter guidedown and look at the developer conference upcoming, the iphone launch coming later in september, this ...
CNBC: Closing Bell
5/3/2024 7:01pm
... it takes us to our talk of the tape. is this the week that apple found its footing. le i look at your notes today, you say, quote, it is hard to not be ...
CNBC: Closing Bell
5/3/2024 7:01pm
... there is the rate picture today. 450 on the ten-year. apple helping too. that stock having its best week since december of 2021. results less bad than feared, and the announcement of a massive buyback the main catalyst there. ...
CNBC: Power Lunch
5/3/2024 7:00pm
... did the bulls get just what they needed this week? a less hawkish than feared fed and a better than expected apple. no doubt two key catalysts behind this late week surge. we'll ask our experts over the final stretch where we go from here. look at the score card with 60 ...
CNBC: Closing Bell
5/3/2024 7:00pm
... on this friday. did the bulls get just what they needed this week? a less hawkish than feared fed and a better than expected apple. no doubt two key catalysts behind this late week surge. we'll ask our experts over the ...
CNBC: Power Lunch
5/3/2024 6:59pm
... largely to gains in amgen in addition to apple. soaring on earnings and news that its obesity injectable is heading into phase three clinical trials. apple trying for its best day since november of 2022 on a big ...
CNBC: Power Lunch
5/3/2024 6:59pm
... all right, welcome back. stocks are continuing to rally on hopes the fed could cut rates sooner rather than later. the dow is up 450 points. the s&p up more than 1% as well. the nasdaq higher by maybe not surprisingly 2% given the apple outperformance. that move in the dow, thanks ...
CNBC: Power Lunch
5/3/2024 6:18pm
... welcome back to 'power lunch.' apple is not the only stock contributing to today's stock market gains. in fact, amgen is responsible for probably at this point, more ...
CNBC: Power Lunch
5/3/2024 6:14pm
... we'll see you later on. coming up on the show, beyond apple, we'll break down the other big moves in the dow. amgen playing an even bigger role in the dow, along with the jobs report. that's all coming up next. ...
CNBC: Power Lunch
5/3/2024 6:14pm
... they would have been without that because the share count's been reduced by 40%. so that's materially very, very significant. a good part of apple's gains clearly are due to that share count reduction. eye-popping numbers. bob, thank you very much. ...
CNBC: Power Lunch
5/3/2024 6:14pm
... count. apple does. in 2013, they have 40% less shares outstanding than they did in 2013. what that means is everything else on the income statement is the same. everything else is the same. the earnings are 40% higher than ...
CNBC: Power Lunch
5/3/2024 6:13pm
... they have regulators on the case about potential or at least alleged anti-monopolistic behavior? yeah. i think recently, that has become a real issue, particularly over in europe. i don't think it was in the past though. i think apple is speaking volumes that they don't -- the _ ...
CNBC: Power Lunch
5/3/2024 6:13pm
... buybacks. think about that. that's a priority for them. bob, i'm just curious, kind of given what we've seen apple has, you know, not necessarily seen some of the gains as the other companies that you've mentioned as being big share count reducers, but how does ...
CNBC: Power Lunch
5/3/2024 6:12pm
... polte have been reducing their share count in the last few years as well. i'll give you an idea of apple's priorities. they bought back $14 billion in dividends, and $18 billion in ...
CNBC: Power Lunch
5/3/2024 6:12pm
... that includes, for example, meta, microsoft, texas instruments, and alphabet. they're the other ones besides apple, but there are a few surprises outside of tech. i'll give you an example. home depot, and the home-builder ...
CNBC: Power Lunch
5/3/2024 6:12pm
... history, all in the $20 billion range were all done by apple. everybody else is way down the list. so in recent years, the buybacks in general have become the preferred method returning cash ...
CNBC: Power Lunch
5/3/2024 6:11pm
... billion shares in 2023 to 15.3 billion today. that's quite remarkable. apple not only dominates buybacks, but it dominates the largest quarterly buybacks ever done. the 12 largest quarterly buybacks ever done in all ...
CNBC: Power Lunch
5/3/2024 6:11pm
... apple's been doing this for a really long time and consistently. they have been aggressively buying back its stock and reducing the share count too since 2013, 11 years now. the share count has gone from 26 ...
CNBC: Power Lunch
5/3/2024 6:11pm
... bought back $84 billion in stock. that is far above anybody else in the s&p 500. so to give you an idea, alphabet is a distant second. they only bought back $62 billion, and meta, microsoft, exxonmobil, they're in the top five but they're way down there compared to apple. ...
CNBC: Power Lunch
5/3/2024 6:11pm
... a long time, dom. so apple's $110 billion stock buyback announcement is very large, but apple is already the largest buyback company in the s&p 500 in dollar terms and by a large amount. in the last 12 months, apple's ...
CNBC: Power Lunch
5/3/2024 6:10pm
... re-purchasing its own stock. we're joined now with eye-popping numbers and i've seen hints of them about just how much apple will have bought become in its own stock in terms of market value over the course of its campaign and it's staggering, bob. and it's been doing this for ...
CNBC: Power Lunch
5/3/2024 6:10pm
... level. wwdc. it's going to be all about that. toni and steve, thank you very much for the apple conversation. have a nice weekend, guys. thanks. even forbefore this announcement, apple was the leader on the street in ...
CNBC: Power Lunch
5/3/2024 6:10pm
... apple has been chipping since 2020, and that allows for more a.i. activity to happen on device. now of course, apple devices don't necessarily run generative a.i. things right now, but it helps with image processing and ...
CNBC: Power Lunch
5/3/2024 6:08pm
... on that, in part for a.i. apple is saying, you know, we don't need to lay out that cash in terms of the capital expense. what we'll do is just pay for ongoing use of third party compute services for us to do our work on a.i. ...
CNBC: Power Lunch
5/3/2024 6:08pm
... it's not a capital expenditure, and so as a result, apple's capital expenditures are relatively low. they're only about $10 billion a year. you're hearing about some of the other magnificent seven, you know, spending $40 billion, $50 billion, $60 billion a year ...
CNBC: Power Lunch
5/3/2024 6:07pm
... so that is an important part of apple's model. i think in terms of a.i. investments, you know, many companies are raising their cap. a lot of it is for compute for a.i. apple has a kind of a hypermodel ...
CNBC: Power Lunch
5/3/2024 6:06pm
... i know that apple generates a ton of cash, and that the buyback stories are a big part of the investment thesis for apple, but what happens if they ...
CNBC: Power Lunch
5/3/2024 6:06pm
... that there's a huge disconnect between what the third parties are saying and then what apple actually reports out there in china and leslie. toni, it's dom. $110 billion buyback is nothing to, you know, sneeze at right here. it's a lot of money. ...