Gene Munster, the founder and managing partner of Deepwater Asset Management, recently joined CNBC’s ‘Fast Money’ program to discuss Apple’s quarterly results and the company’s future outlook. Munster, who has a long history of covering Apple, provided valuable insights based on his analysis of the company’s recent performance and his expectations for its upcoming quarters.
Munster praised Apple’s strong financial results, particularly its record revenue of $123.9 billion and diluted earnings per share of $1.52, which exceeded analysts’ expectations. He attributed this success to the company’s continued leadership in the smartphone market, particularly with the ongoing popularity of its iPhone lineup. Additionally, Munster highlighted the growth of Apple’s services business, which includes revenue from the App Store, Apple Music, and other subscriptions, as a major contributor to the company’s overall performance.
Looking ahead, Munster remains optimistic about Apple’s future prospects. He believes that the company is well-positioned to maintain its dominance in the smartphone market, and he expects continued growth in its services business. Furthermore, he sees potential for Apple to expand into new markets, such as virtual reality and augmented reality, which could drive further growth in the years to come.
Overall, Gene Munster’s appearance on ‘Fast Money’ provided a comprehensive analysis of Apple’s quarterly results and outlined his expectations for the company’s future performance. Investors and analysts alike will continue to closely monitor Apple’s progress as it navigates the evolving technology landscape and seeks to capitalize on new opportunities for growth.
