Neuberger's Flax Calls Apple's Earnings Solid, Sees Multiple Growth Drivers

The video discusses Apple's recent financial performance, highlighting a modest increase in iPhone sales and strong performance in services and wearables. Despite a decline in Mac sales, the company remains resilient, with significant growth in China. Apple's strategy includes navigating trade tensions and investing in job creation globally. The company is on track to double its services revenue by 2020, maintaining steady growth and attracting value investors.

What was the percentage increase in iPhone sales this quarter compared to the previous year?

• 10%

• 5%

• 15%

• 1%

Which product category contributed significantly to Apple's positive market response?

• Services

• iPad

• Mac

• iPhone

What was the market's expectation regarding iPhone unit sales?

• No growth

• Significant growth

• Slight decline

• No major expectations

How did Apple's growth in China perform amidst trade tensions?

• Grew by 19%

• Remained stable

• Grew by 5%

• Declined

Which investor is mentioned as being attracted to Apple's steady growth?

• Elon Musk

• Mark Zuckerberg

• Warren Buffett

• Jeff Bezos

What is Apple's goal for services revenue by 2020?

• Reduce it

• Double it

• Maintain it

• Triple it

What is the estimated annual sales figure for Apple this year?

• $150 billion

• $100 billion

• $250 billion

• $300 billion