Of credit sweets forecast trim and it worked but stocks slipped again. But then this morning we get a different kind of note. A Research Note from Goldman Sachs entitled the shift to apple as a service. This piece was a totally refreshing and, yes, intellectually pleasing way to look at apple as a company transforming from a hardware play, a simple maturing cell phone company, into more of a Service Provider with the fabulous install base that will have recurring revenues including the upcoming tv service and other Attachment Services like the apple watch. This piece makes so much sense. Why should apple forever be pegged as just a cell phone story when it has so much else going for it . By the way, we have reports of another apple supplier from china saying the phone business is quite strong, totally disputing the asian team channel checks from credit suisse. This whole thing reminds me of the summer when tim cook told me china sales were strong even as every channel check by the asia
Slumber and regained their gusto as part of a broader move higher. S p up 1. 6 , nasdaq 1. 9 . Lets start with apple. After reporting a terrific quarter back in october where the company delivered on every single metric, apple stock had started percolating like the old days rallying from the low teens to 122. But when it got there, Credit Suisse came out with a brutal forecast of reduction based on weak supplychain orders discovered by, and i quote, our teams in asia. At the time i said here we go again, yet another Research Firm has used its team in asia to discern weakness in apples Product Sales by measuring components. Something thats been done dozens of times since the 2009 when the stock was at 11. How many times has this channel check asian team kept people out of making big bucks with apple . For every new product, every cell phone chain, ive heard about supply chain weakness from asian teams, brokerage firms. This note was particularly destructive because it came from a bull w
S p up 1. 6 , nasdaq 1. 9 . Lets start with apple. After reporting a terrific quarter back in october where the company delivered on every single metric, apple stock had started percolating like the old days rallying from the low teens to 122. But when it got there, Credit Suisse came out with a brutal forecast of reduction based on weak supplychain orders discovered by, and i quote, our teams in asia. At the time i said here we go again, yet another Research Firm has used its team in asia to discern weakness in apples Product Sales by measuring something thats been done dozens of times since the stocks historic run from the generational lows of march of 2009 when the stock was at 11. How many times has this channel check asian team kept people out of making big bucks with apple . For every new product, every cell phone chain, ive heard about supply chain weakness from asian teams, brokerage firms. This note was particularly destructive because it came from a bull with an aptly titled
Fairfield concord for. Time pictures could suffer some loss east bay interior valleys job in the upper 30s. The rest of the setting up the middle 40s. Reporter lunch sunny skies much warmer weather and will see 70s and is forecast for a lot of locations but keep in mind talking about what some child a little bit hazy talking about yet another sparely airline and fend for today. Yet another round of poor air quality that will continue into tomorrow. Heading to the beaches as word temperatures will come in the 70s we do have heist of advisory in effect for 6 00 a. M. Sunday. Keep that in mind be careful ever beat to get back to the ocean to the for minor kids. Reporter talking about waves between seven to 9 ft. At 22nd intervals talking about the sneaker raves strong recurrence. Reporter a sailor from the water if you can but it certainly enjoy the beach. I think sunday will be the warmest day of the todays seventies for Half Moon Bay heading out setscrews of a day trip trip will be at 8
I am her sidekick matt miller. Market makers. Lets get to the newsfeed. The top business stories from around the world. Consumer confidence is still close to its high mark for the year. The Bloomberg Consumer cover index was unchanged last week after three weeks of gains, the second highest it has been since 2008. In a report says Consumer Spending grew load less than forecast last month. Or largest a lawyer reduce alcoa has agreed to buy British Aerospace parts maker for 2. 9 billion in stock and cash. Alcoa has been closing on probable smelters because there oversupply of aluminum. The Worlds Largest furniture seller is raising its minimum wage in the u. S. Workers making the minimum wage will get an average 10 76 cents starting january 1, 17 raise. It will benefit about half of ikeas employees. The minimum will vary based on the cost of living and their 38 locations. Everyone is talking about on wall street, new York Attorney general Eric Schneiderman is a busy guy, pursuing charges