Apple Faces Growth Problem Without 'Fairly Dramatic Move," Meeks Says

The transcript discusses Apple's financial outlook, expressing concerns about its long-term growth due to heavy reliance on the iPhone, which constitutes 70% of its operating income. The speaker notes the smartphone market's maturity, likening it to the PC market's evolution. To address potential growth issues, the speaker suggests Apple may need to make significant acquisitions, particularly in cloud computing and proprietary content, to diversify its revenue streams.

What percentage of Apple's operating income comes from the iPhone?

What is the speaker's opinion on the pricing of the iPhone 10?

How does the speaker compare the smartphone market to the PC market?

What concerns does the speaker have about Apple's long-term growth?

What does the speaker suggest Apple might need to do to address its growth problem?