CNBC January 29, 2020
Key Points
– Apple reported stellar numbers in its fiscal first-quarter earnings report Tuesday.
– The company’s wearable devices stood out more than anything, showing strong sales and proof that the company doesn’t just need to rely on digital services for growth outside the iPhone.
– In the near term, wearables show more promise for growth than digital services like Apple TV+, which needs more time to mature.
Apple reported a knockout quarter Tuesday, showing growth in iPhone sales and promising numbers in China just a year after sales there fell off a cliff.
But the most interesting story at Apple has nothing to do with the iPhone and China. It’s all about the massive success of the company’s wearables...
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