re: AAPL Earnings

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but the days of Apple putting up blockbuster numbers I think are largely behind them.

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This is a pretty uninformed take on Apple's future, it has been known that the iPhone sales growth story had an end date. Apple's future growth is going to be tied to the growth of Apple Services.

The importance of iPhone sales though is the problem with Apple Services being the growth driver. The Services foundation is built on the use of Apple's ecosystem. So any slowdown in iPhone sales is a potential crack in the foundation that can cause the house to fall


With Apple Services having profit margin estimates of some 70-80+% and revenue growth of ~20%+ YOY, Apple maintaining their market position is really all they need to do to continue to put up blockbuster numbers

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but the phones are getting harder and harder for people to justify giving up what they currently have

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As long as what they have is an iPhone, it is very likely that Apple doesn't hate this outcome given it ties customers to their ecosystem.


Putting out a higher price tag, long life cycle phone in hindsight actually looks like a shift in strategy to lock people in to the ecosystem