Is This Apple's Next "iPhone Moment"?

August 27, 2024

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The numbers are in, and they do all the talking…

Last quarter, Apple Inc. (NasdaqGS:AAPL) reported not only record earnings per share, but also set revenue records in more thana dozen countries and regions.

The company also set an all-time revenue record in its Services segment, with $23.8 billion in revenue marking a 14% rise year-over-year.

Revenue records were smashed in two dozen companies… and the company’s services segment set an all-time record of $23.1 billion, up 11% year-over-year.

Meanwhile, the recently-launched iPhone 15 continues to be very popular with customers, according to the firm 451 Research, which measured customer satisfaction at 99% in the U.S.

But the biggest catalyst for Apple wasn’t reflected in this triumphant earnings report… because it launched the day after Apple reported Q4 earnings last week.

Nonetheless, it’s already booked 200,000 orders, despite retailing at $3,499—and over the years, I expect its launch last week to go down in history as another “iPhone moment” for Apple.

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