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On this episode of First Ring Daily, Apple releases its earnings, xCloud passes a big milestone, and travel impacts our schedule.
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shameermulji
<p>"The only two services that did grow during this quarter were wearables & services"</p><p><br></p><p>Not correct. The iPad also grew 22% year-over-year. Per Tim Cook on yesterday's conference call this was the biggest ever YoY growth for the iPad largely driven by iPad Pro sales.</p>
provision l-3
<p>Your surprise to the market reaction to Google and Apple is because you are looking at both from a consumer stand point vs. an investors. When it comes to quarterly financials the two big things are where did you come in vs. what was expected and what is your guidance. Google didn't meet expectations and the guidance was for slowed growth. From an overall business health the coming up short and slowing growth don't cause Google harm. From in investor standpoint the price of the stock was too high since the price was based on a higher level of growth. Apple had the inverse happen. They exceeded their quarterly expectations and provided better guidance than was expected so their stock went up as the price reflected the expectation of a larger drop in revenue for a longer period of time. </p>