Apple (AAPL) Earnings Analysis - Will iPhone 12 Help Apple Stock Rise Soon?

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Disclosure: I am long Apple

On today's video we take a look at #Apple #AAPL #Stock - which just reported full year earnings today. The results for iPhone 11 was a disappointment, primarily because the device was DOA with iPhone 12 (and 5G upgrade) coming out after the quarter ended. Sales of Mac Computers and iPad were strong. The highlight for Apple is the service category, which appears to be on track to be at least a $60B business in 2021. CEO Tim Cook did NOT give guidance about next quarter (which includes the first sales of iPhone 12) and that has investors a bit worried. However I think it could be a buying opportunity.

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