[CNBC Television] Jim Cramer: Fundamentals versus fear is the new dynamic in this market
🎯 Загружено автоматически через бота:
🚫 Оригинал видео:
📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал.
✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его.
📃 Оригинальное описание:
“I was worried that Apple wouldn’t be able to give us enough of an upside surprise to propel the stock higher because it had already run so much,“ the “Mad Money“ host said.
Apple could give the market a boost after the stock popped on a “stunning” quarterly report, CNBC’s Jim Cramer said Tuesday.
“I was worried that Apple wouldn’t be able to give us enough of an upside surprise to propel the stock higher because it had already run so much,” the “Mad Money” host said after reviewing the tech titan’s results of the holiday quarter.
The stock had gained about 30% since it last reported in late October.
“Well, maybe I should’ve had even more faith in a company that I always do,” he said. “It reported a monster top and bottom line beat, fueled by phenomenal iPhone and AirPod sales, along with continued growth from their service revenue stream.”
Apple reported revenue of $91.8 billion and earnings per share of $, topping analyst estimates of $ billion and $, respectively. Wall Street players have been keeping a closer eye on the company’s wearable devices category, which includes the AirPods and Apple Watch. In that category, which is known as “other products,” revenue was $10 billion versus a $ billion estimate.
Apple has had trouble keeping up with consumer demands for its Apple Watch and AirPods. CEO Tim Cook told Cramer in a call it’s not clear when the company could keep up with demand for the $249 AirPods Pro, which was launched in the quarter. He did say Apple would not raise prices on the wireless earphones because they want to sell them at a “super aggressive price” point.
“This is a difficult question because there are several constraints in there, both at the parts level and at the production level, and we’re looking to kind of break those,” Cook said. “When we initially projected the AirPods Pro, we projected a lower mix than we’re seeing and so now we’re having to course correct and it’s going to take a little time.”
Cook added that it was a “terrific quarter for services.” He noted that services revenue grew 17% to $12.7 billion, though it missed the $ billion estimated by Wall Street.
Apple also has plans to expand its Goldman Sachs-backed Apple Card to other parts of the globe, Cook said. One opportunity would include China, where credit card companies have found it challenging to do business in that large consumer market.
The “phase one” trade deal signed earlier this month includes language that would allow financial services firms to gain access.
“We want to bring the Apple Card to other geographies,” Cook said. “It’s not going to be fast to do that because you have to go country by country because of the banks are different in different countries, but you can bet that we’re working on bringing it to more places.”
Apple shares rose nearly 3% in Tuesday’s session and surged as much as 3% in after-hour trading on the company’s quarterly report. The stock closed at $.
For access to live and exclusive video from CNBC subscribe to CNBC PRO:
» Subscribe to CNBC TV:
» Subscribe to CNBC:
» Subscribe to CNBC Classic:
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news:
Follow CNBC on LinkedIn:
Follow CNBC News on Facebook:
Follow CNBC News on Twitter:
Follow CNBC News on Instagram:
#CNBC
#CNBC TV
7 views
0
0
5 hours ago 00:06:10 1
[CNBC Television] BofA Institute’s Liz Everett Krisberg on consumer: Continue to see services outperform retail
5 hours ago 00:05:09 1
[CNBC Television] OpenAI CEO Sam Altman: Deploying A.I. into society requires government partnership and regulation
5 hours ago 00:04:47 1
[CNBC Television] Lightning Round: Dell is ’absolutley’ a buy, says Jim Cramer
5 hours ago 00:04:06 1
[CNBC Television] CNBC’s Deirdre Bosa reports on a software showdown between Elon Muck and AWS
5 hours ago 00:05:39 1
[CNBC Television] Gina Sanchez: Everything that has done well this year is traced back to commodities
5 hours ago 00:03:30 1
[CNBC Television] We’ll emerge from this recession a stronger, more prosperous company, says C3 AI CEO
5 hours ago 00:02:40 1
[CNBC Television] World reacts to the death of Queen Elizabeth II at age 96
5 hours ago 00:03:03 1
[CNBC Television] Data shows Covid may be in retreat
5 hours ago 00:03:33 1
[CNBC Television] This analyst has concerns about the Pfizer and BioNTech vaccine
6 hours ago 00:05:49 1
[CNBC Television] Eli Lilly CEO: We expect to launch five new medicines in 2022
6 hours ago 00:04:18 1
[CNBC Television] Over-reliance on the Fed caused market volatility, says Jefferies’ David Zervos
6 hours ago 00:03:20 1
[CNBC Television] Beijing reinstates some coronavirus restrictions amid new outbreak
6 hours ago 00:03:43 1
[CNBC Television] Dow pointed to lower open after mega-rally
6 hours ago 00:03:36 1
[CNBC Television] NYSE proposes rule change to allow capital raise in direct listings
6 hours ago 00:04:14 1
[CNBC Television] Former FDA chief Scott Gottlieb on the current coronavirus outbreak in the White House
6 hours ago 00:02:18 1
[CNBC Television] Bill Gates: Some companies are going public too early via SPAC
6 hours ago 00:04:21 1
[CNBC Television] NFL owners to approve partial private equity ownership for teams
6 hours ago 00:06:02 1
[CNBC Television] Should you invest in China?
6 hours ago 00:03:18 1
[CNBC Television] KKM’s Jeff Kilburg talks about the market’s record November run
6 hours ago 00:01:59 1
[CNBC Television] Lockheed Martin beats on top and bottom lines
6 hours ago 00:05:09 1
[CNBC Television] Mike Pence: We’re looking at a debt crisis over the next 25 years that’s driven by entitlements
6 hours ago 00:04:12 1
[CNBC Television] Trade Tracker: Josh Brown buys Reddit
6 hours ago 00:04:04 1
[CNBC Television] What to expect from CES 2020
6 hours ago 00:01:34 1
[CNBC Television] McDonald’s earnings beat estimates as international sales rebound