CNBC's Jim Cramer has posted a new video lambasting Apple analysts following the company's earnings call on Thursday.
"There's the Apple you and I know, then there's the Apple the analysts know and never the twain shall meet," says Cramer. "After last night's quarter, I find it so odd that nearly all the analysts are focused on the growth of China, phones, Macs, and wearables, because my focus is on the quality of the phone itself, the sky-high level of customer satisfaction, and the amazing service revenue stream that just keeps growing and growing."
Apple reported earnings on November 2, 2023 for its fiscal 2023 fourth quarter which ended on September 30, 2023. The company posted quarterly revenue of $89.5 billion, down 1 percent year over year, and quarterly earnings per diluted share of $1.46, up 13 percent year over year. Mac revenue was down 34% YoY, iPad revenue was down 10% YoY, Wearable revenue was down 3% YoY, iPhone revenue was up 3% YoY, and Services revenue was up 16% YoY.
Take a look at the full video below...
"There's the Apple you and I know, then there's the Apple the analysts know and never the twain shall meet," says Cramer. "After last night's quarter, I find it so odd that nearly all the analysts are focused on the growth of China, phones, Macs, and wearables, because my focus is on the quality of the phone itself, the sky-high level of customer satisfaction, and the amazing service revenue stream that just keeps growing and growing."
Apple reported earnings on November 2, 2023 for its fiscal 2023 fourth quarter which ended on September 30, 2023. The company posted quarterly revenue of $89.5 billion, down 1 percent year over year, and quarterly earnings per diluted share of $1.46, up 13 percent year over year. Mac revenue was down 34% YoY, iPad revenue was down 10% YoY, Wearable revenue was down 3% YoY, iPhone revenue was up 3% YoY, and Services revenue was up 16% YoY.
Take a look at the full video below...