Why Apple Is Counting on Upscale Shoppers

The transcript discusses the recent Apple event, focusing on pre-order trends and the economic impact on sales. It highlights the skew towards higher-end models and the potential effects of global economic challenges, particularly in Europe and China. The discussion also covers the Apple Watch's role in the market and anticipates a stronger upgrade cycle next year. Additionally, the transcript analyzes Adobe's acquisition of Figma, questioning the timing and financial implications of the deal.

How does the discussion characterize the current economic environment affecting consumer behavior?

What are the anticipated changes in the upgrade cycle for Apple products next year?

What concerns are raised regarding Adobe's acquisition of Figma?