Neil Cybart 8/2/24 Neil Cybart 8/2/24

Apple’s 3Q24 Earnings, The iPhone Is a Powder Keg

Welcome to a special Friday edition of the Above Avalon Daily. We will begin our Apple earnings review. The discussion will flow over into next week. Let's jump right in.

Apple’s 3Q24 Earnings

The primary theme to our Apple 3Q24 earnings preview was that the setup facing Apple heading into earnings leaned more positive than negative. Business fundamentals were gradually improving. Meanwhile, last-minute Wall Street jitters surrounding Big Tech added a pinch of doubt and skepticism, tapping down expectations. That is pretty much exactly how things unfolded. Results were

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