Joanna Stern and Wamsi Mohan talking Apple on CNBC (video)

From TechCheck’s “Apple shares remain under pressure after iPhone 13 reveal,” which aired on CNBC Wednesday:

CNBC contributor Joanna Stern and Bank of America analyst Wamsi Mohan discuss Apple’s latest product launch and the implications for the company’s stock going forward.

My take: Apple is getting its usual oversized dose of attention today. In the business, they call this “free media.”

10 Comments

  1. Gregg Thurman said:
    One billion users. Four year upgrade cycle. 250 Million iPhone sales per year not counting switchers.

    This locomotive is growing going uphill.

    Frankly, I don’t think we need WS/“Analyst” input any longer. Apple is moving faster than they are.

    7
    September 15, 2021
  2. Michael Goldfeder said:
    I’m extremely confused. Should I send an email to Joanna to ascertain when I should upgrade, or reach out to Tony S. Or Rod Hall?

    What an inflated ego for someone who probably couldn’t figure out how to use a pay phone with written directions.

    0
    September 15, 2021
    • Rodney Avilla said:
      Speaking of Rod Hall, here’s a recent quote:

      “We believe growth in iPhone revenue in calendar fourth quarter will be challenging for Apple but we continue to flag a low level of confidence in our ability to predict demand given the complex interplay of issues…”

      That’s priceless. “A low level of confidence in our ability…”. See, we’re all on the same page.

      2
      September 15, 2021
  3. Robert Paul Leitao said:
    Joanna Stern is thoughtful in her work and I enjoy her interviews. I’ve followed the work of Wamsi Mohan and the team at Merrill for years. The team’s work is thorough and comprehensive. While I’m not enamored with the firm’s current price target and rating for Apple, there’s a lot of benefit in reading their work. I’m less concerned with how the share price responds following the event and more concerned with FCF (free cash flow) measured over years. FCF is the source of funds for buybacks and annual dividend increases. Wealth is usually built over time. I was impressed with yesterday’s product announcements and I’m confident over time Apple’s pace of innovation and established market leadership will continue to reward shareholders today and tomorrow. Where the share price is today is a lesser concern.

    10
    September 15, 2021

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