Apple Shares Will Grind Higher for Next Few Quarters, CFRA's Zino Says

The transcript discusses Apple's financial performance, focusing on iPhone revenue, which exceeded expectations. It highlights the impact of the coronavirus on Apple's operations, including store closures in China and wider guidance ranges. Despite these challenges, Apple remains optimistic about future growth, particularly in wearables and 5G technology. The discussion also covers Apple's market position and potential for continued stock growth.

What was the expected iPhone revenue compared to the actual revenue reported?

• 52 billion expected, 56 billion actual

• 50 billion expected, 54 billion actual

• 56 billion expected, 52 billion actual

• 54 billion expected, 52 billion actual

How did Apple respond to the coronavirus outbreak according to Tim Cook?

• By reducing prices to boost sales

• By launching a new product line

• By increasing production in unaffected areas

• By closing stores and monitoring employee health

What is the anticipated impact of 5G technology on Apple's future?

• Immediate and short-term growth

• No significant impact

• Decline in market share

• A three to five-year growth opportunity

What percentage of Apple Watch sales came from new customers?

• 80%

• 75%

• 60%

• 50%

What is the expected growth range for Apple's services?

• Low single digits

• Mid to high teens

• High twenties

• Flat growth