Apple shines on earnings—Cramer and other experts on what comes next (via TradingNation)
Are signs pointing to a brighter future for Apple? Here's what four experts, including CNBC's Jim Cramer, thought of the report.
"It's slightly better than expected, but with the services as a higher mix, and their gross margin continuing to decline, [it] kind of suggests what's going on with [the] iPhone — it's fading a bit. There is speculation they're going to enter a more mid-tier market beginning of next year — which would be a very good thing.
"I think it was a great quarter in this regard ... Very quickly the company has grown away from the iPhone being super dominant in terms of total revenues. I thought the services numbers were just a tad weak. China was very encouraging, in terms of a slowdown in the sequential decline. And I think wearables is a bright spot for the ecosystem. So, in general, I think the little bits of bad news were offset by some powerful news in other segments.
I think what people like, frankly, is that if you have to back out this number, and then you back out that [number]—what really you get down to is services ... You're talking about wearables and services amounting to be in a Fortune 50 company. The smallest company in a Fortune 50 company is about a $62 billion company. Still not enough to please those who say it's only a cellphone company. But, I think a lot to think about going down the pike, particularly with theright on the horizon.
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