DM Martins Research Research published on the App Store's recent performance supports the idea that service revenues could disappoint this time. According to Morgan Stanley, September was the slowest month of growth for the App Store since 2015 at least, which would have led to quarterly revenues having declined by 2%. Last quarter, CFO Luca Maestri had already spoken of services revenue increasing YOY "but decelerating from the June quarter due to macroeconomic factors and foreign exchange". Own AAPL stock for the long haul I think that Apple will impress again in fiscal Q4, despite certain parts of the portfolio (namely the services segment) possibly being a disappointment. However, I must admit that I am not much of a short-term trader. I do not have a strong opinion on whether AAPL is
Big Tech Stocks Are Still Expensive. Why That's Important For the MarketBig Tech stocks are still expensive, despite all the market's down times this year. And that's key for the $S&P 500 index(.SPX.US)$.Now, the giants -- $Apple(AAPL.US)$ and $Alphabet-A(GOOGL.US)$ are two examples -- haven't walked away untouched. They've gotten caught in the selloff just like the rest of the S&P 500, which is down about 16% from its early January all-time high.The market just hasn't been able to shake off two big worries -- the Russia-Ukraine war and a recession triggered by the Federal Reserve, desperate to bring down inflation with higher interest rates.Still, comparatively speaking, Big Tech is expensive. Those names are simply more richly valued than the tried-and-trues of other industries -
SHEN reported a net loss for Q1 due to increased wage costs and several system upgrades. The system upgrades are expected to cause elevated expenses for the next 20 months SHEN reported an unexpected loss for the first quarter due to new system upgrades and the cost structure could remain elevated for the next 20 months SHEN’s revenue is pacing ahead of expectations on higher Glo Fiber subscription numbers. SHEN’s business plan requires additional capital expenditure spending to expand the fiber network for Glo Fiber The higher expenses in the quarter reflect SHEN implementing upgrades to multiple systems companywide. The new software would save $2 million annually after the 20-month phase-in process is concluded By Hamed Khorsand - https://www.smartkarma.com/profiles/hamed-khorsand?utm_so