- Loup Ventures founder Gene Munster says investors now see Apple (NASDAQ:AAPL) as a service after a “paradigm shift.”
- Munster isn’t talking about the actual Service segment, but instead refers to the fact that iPhone owners upgrade to a new model about every three years.
- Munster, to CNBC: “This is a concept that the hardware is actually performing like a subscription. If in fact that is the case, I think that the multiple on Apple will go up.”
- Caught in the middle: Chinese state-backed People’s Daily says Apple has benefitted from the cheap labor and strong supply chain in China and should share that money with the citizens.
- People’s Daily says Apple could be the target of “anger and nationalist sentiment” and become one of the “bargaining chips” in the US-China trade war.
- Apple made $9.6B in revenue in China in the June quarter.
- Apple shares are up 0.1% premarket to $209.25.
- Previously: Apple +2.4% on Q3 beats with Services at all-time high (July 31)
- Previously: Key takeaways from Apple's Q3 call include tariff talk (July 31)
- Previously: Surge pushes Apple over $1T (Aug. 2)
- Now read: This Is Apple's Rocket Fuel
Original article