Mortimer Arthur
07-30

$Apple(AAPL)$ I find it kind of amusing that Apple is only planning around $11B to $14B in capex for fiscal 2026. The closest hyperscaler comparison is Meta at $145B. That's some crazy spending. Mark Z. said he wants to spend even more next year, so investors headed for the exits and a nice 9% dump followed. Metaverse 2.0?

On Bloomberg, I heard a report suggesting Apple will have a blowout quarter because of strong iPhone sales in China, so that sounds hopeful for today's earnings. Whether the stock price rises or not, that's still good for Apple in a declining smartphone market.

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