#apple #yahoofinance #bigtech
Apple (AAPL) posted a third-quarter earnings beat on Thursday, topping estimates with earnings of $1.26 per share and $81.8 billion in revenue. But the stock continues to slide lower since yesterday on its declining sales. Oppenheimer Senior Analyst Martin Yang asserts Apple's services segment will be a strong growth driver for the iPhone developer as it expands into new territories like India. "The iPhone 15 can be in itself a milestone product," Yang says, describing the upcoming device's new features that could drive demand in falling sales figures. Yang also comments on Amazon's employment slowdown as it seeks to manage expenses, and its investments into AI adoption. "The most critical piece is trust," he says on artificial intelligence.
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