ALL RIGHT A BIG EVENT
TODAY. APPLE IS UNLEASHING ITS
LATEST BATCH OF NEW PRODUCTS AT
THE TECH GIANT'S
LATEST EVENT, JUST A LITTLE
WHILE AGO MAJOR EMPHASIS WAS
PLACED ON MUSIC IN THE MAC
AND WHILE SHOWCASING NEW
PRODUCT IS ALWAYS EXCITING HOW
WILL INVESTORS DIGEST THE
LATEST NEWS. WELL JOINING US
NOW IS ANGELO ZINO SAYS THE
NOTE SENIOR EQUITY ANALYST AT
CF ARE A RESEARCH. ANGELA
THANKS SO MUCH FOR BEING HERE
WANT TO TOUCH ON FIRST ONE OF
THEM BIGGEST TAKE AWAY THE
PEOPLE AND OF COURSE INVESTORS
SHOULD HAVE FOLLOWING TODAY'S
EVENTS.
>> YEAH, THANKS FOR HAVING ME
SO AS FAR AS THE EVENT IS
CONCERNED YOU KNOW CLEARLY THIS
WAS ANOTHER APPLE EVENT WHERE
THEY
JUST REALLY.
>> THROUGH A LOT AND A LITTLE
BIT OF TIME YOU KNOW THE THE
MOST NOTABLE AND SAY AYE THOSE
AN UPGRADE
TO THE.
>> THE THE THE MAP I WANT TO
PLAY IN 14 AND JUNE 16 INCH AND
THAT WAS KIND OF 5 YEARS IN THE
MAKING BUT THEY ONCE AGAIN I
LIE. THE FACT THAT THEY'RE KIND
OF FUN A LOT MORE PUNCH AND
MORE OF THESE INTERNALLY
THE DESIGNS SHIPS THAT THEY'RE
WORKING ON SPECIFICALLY KIND OF
THE M ONE PRO AND ONE MASK, AND
ALSO YOU KNOW CAME OUT WITH THE
I'M 3RD GENERATION OF THE AIR
POD IT'S ON THE MOST POPULAR
SONG VERSION OF THE AIR.
LINEUP
AND YEAH I GUESS TO A LESSER
EXTENT THE ISLAND AND THE MUSIC
VOICE AS WELL AS IN COLORS TO
THE HOME. MANY OF THE OTHER DAY
I THINK LISTEN THEY THESE
ANNOUNCEMENTS REALLY IT
HAPPENED LESS THAN 25% AT LEAST
COOL REVENUE OUT THERE.
BUT NONETHELESS I MEAN THAT'S
THE BIGGEST FEAR OUT THERE IN
TERMS AND OF KIND BUSINESS
GOING INTO 2022 WAS HOUSE THE
STATE WILL WORLD LOT OF THESE
BUSINESS LINES IN TERMS
REVENUE AT LEAST ON THE PC SIDE
OF THINGS I THINK SOME OF THESE
NEW ANNOUNCEMENTS
WILL ALLOW THEM TO KIND OF
SUSTAIN SOME OF THOSE ELEVATED
LEVELS AS WELL AS MAYBE
CONTINUE TO TAKE SOME MARKET IN
THE
COMING QUARTERS.
>> WELL THAT'S ACTUALLY MY NEXT
QUESTION HERE IN TERMS OF DO
YOU THINK UPDATES THAT APPLE IS
MAKING A REALLY ENOUGH TO DRIVE
DEMAND, ESPECIALLY WITH MORE OF
THE FOCUS ON MATH COMPARED TO
THE IPHONE'S AND I PERSONALLY
TEND TO THINK THAT THAT PIECE
FOR MORE STILL A SENSITIVE TO
KIND OF MAC UPDATE IF
THEY'RE NOT TRULY REVOLUTIONARY
KIND OF UPDATE ME WOULD BE YOU
KNOW TO TO IPHONE DEMAND.
>> YEAH, I THINK
YES THAT'S THAT BEING SAID
LISTEN I THINK THIS IS
A MAJOR.
>> OVERALL OF KIND OF THE MAT
PRODUCT LINE
IF YOU'RE.
>> SOMEONE THAT'S OUT THERE
THAT'S THAT LOVES THE MAC AND
THAT'S
WILLING TO KIND PAY THAT PRICE
POINT IN THIS CASE FOR THE 4TH
CANNON 16 INCH VERSION
YOU COME LOOK AT WHAT WHAT THEY
ADDED HERE IN TERMS OF THE HE
I'M GOING BACK TO THE PHYSICAL
FORM FOR VERSATILE FORM IN
TERMS OF ADDING A TON OF COURSE
THE HDMI HEADPHONE JACK, YOU
KNOW SD CARD READER OUT THEY
HAD A LOT OF PAIN
POINTS THOUGH, AND THEY'RE FROM
A LOT OF CONSUMERS OUT THERE SO
I THINK AS FAR AS THIS PRODUCT
LINE IS CONCERNED IT'S
GOING TO BE ENOUGH TO REALLY
KIND OF KEEP THOSE I LOVE A
GOOD THAT THEY NEED TO HIT.
>> I WONDER HOW APPLE AND AND I
WOULD EVEN IMAGINE INVESTORS
ARE GAUGING THE DEMAND GIVEN
THAT WE DID SEE A DRAMATIC KIND
OF UPGRADING HAPPENING DURING
THE PANDEMIC WHEN EVERYONE WAS
INITIALLY GOING INTO THIS ROOM
MOTOR HYBRID
WORK SITUATION IS THERE STILL
CONTINUING DEMANDS ARE STILL
PENT-UP DEMAND FROM THOSE WHO
WERE UNABLE TO GET KIND OF PCS
OR
MAC COMPUTERS AND NOW LOOKING
FOR THAT OPTION
HELD OUT.
>> YEAH, I THINK THAT'S A GREAT
QUESTION AND ONE WE KIND OF
LOOK AT APPLE
IN JAIL I MEAN THEY REALLY ARE
THE ULTIMATE CONSUMER COMPANY
OUT THERE AND SINCE THE 19
BECAUSE I
KNEW THAT STRICTLY TIED TO THE
CONSUMER WE KIND OF THINK ABOUT
WHAT THAT CONSUMERS GOING TO DO
HERE AND GOING FORWARD SO THE
NEXT GOING TO TRANSITION SOME
OF THAT SPENDING MAY BE AWAY
FROM SOME OF THOSE CONSUMER.
TECH DEVICES MORE OF YOU KNOW
KIND OF GOING AWAY ON VACATION
ARE DOING YOU KNOW WHAT HAVE
YOU. SO SO
THAT SAID LISTEN WE WE THINK
YOU KNOW THEY'RE THERE I'M
GOING TO BE CONCERNED GOING
INTO 2022 ABOUT THIS IS STAN
ABILITY OF OF THE REVENUE
LEVELS THERE AT THE SAME THEY
CONTINUE TO GROW THAT INSTALLED
BASE ACROSS
ALL PIPELINES YOU
KNOW AS A RESULT, YOU KNOW
THAT'S REALLY THE KIND CASE WE
HAVE IN TERMS OF APPLE
AS FAR AS 2022 WERE ESSENTIALLY
ASSUMING 0 GROWTH OUT OF THEIR
CORE PRODUCT AND IN TERMS OF
SHIPMENTS
THAT BEING IPHONES MACS AS
WELL AS I HAD SO YOU KNOW WE
HAVE THE SAME CONCERNS OUT
THERE. THE LARGER LONGER TERM
STORY
HERE DEFINITELY SERVICES AND
WEARABLE SIDE WE DO CONTINUE TO
SEE SOME NICE PRO AND DRIVING
THEM INTO
2022 AND BEYOND.
>> YOU KNOW EVEN IF WE DO SEE
TO ME.
>> AND BEING THERE AND I THINK
THERE IS A STRONG ARGUMENT
DEMAND IS THERE WE CERTAINLY
JUST SEEN DEMAND ACROSS
THE BOARD NOT BE THE PROBLEM
HERE, I SUPPLY SIDE OF THE
PROBLEM AND WE THINK ABOUT
SUPPLY SIDE WE THINK ABOUT
THE GLOBAL.
>> IT SURE IS THAT WE STILL WE
STILL ARE VERY MUCH DEALING
WITH DO YOU ANTICIPATE THE
SLOWING DOWN APPLE'S PRODUCTION
OF PERHAPS EVEN MISSING
DEADLINES HERE BECAUSE I WILL
SAY WHEN THE IPHONE 13 WAS
ANNOUNCED A LOT
IS IN ADDITION TO ANY ISSUE YOU
KNOW PRODUCTIONS EVEN AMIDST
THE CHIP SHORTAGE, THEN WE DID
GET THAT NOTE, YOU KNOW WAS
LAST WEEK THE PRODUCTION WILL
BE THE U.S. LOW DOWN A LITTLE
BIT FOR THE IPHONE 13 THAT WE
SEE ANY OF THAT POTENTIALLY YOU
KNOW WEIGHING IN HERE.
>> YES, SO I THINK IT'S
UNDENIABLE THAT THERE IS A
PROBLEM OUT IN THE MARKET AND
THAT IS THE SUPPLY CONSTRAINTS
GOING ON WITHIN THE SEMI
INDUSTRY AND YOU KNOW WE
CONTINUE TO BELIEVE HER THAT
APPLE IS BEST POSITIONED
BECAUSE THEY ARE
THE BIGGEST CONSUMER OF
SEMICONDUCTORS OUT THERE SO
THAT MAKES
IT EXTREMELY AS AN EXTREMELY
THE OPPOSITION OTHERS OUT THERE
AND CLEARLY
YOU CUYLER A NUMBER OF ARTICLES
OUT THERE THAT WAS THAT AN
ARTICLE A DAY LATER FROM
ANOTHER SOURCE OUT THERE THAT
KIND OF THE OTHER SIDE OF THE
CASE SAYING THAT
THERE AREN'T. CUTS TAKING PLACE
AT WITHIN ON THE INSIDE OF
THINGS BUT LISTEN AS FAR AS
KIND WHERE WE'RE AT RIGHT NOW
IN TERMS OF THE SUPPLY
CONSTRAINTS. THE NEXT 2 TO 3
MONTHS ARE GOING TO BE
ABSOLUTELY DIDN'T KNOW FOR
APPLE AND THAT IT IS WRONG AS
THE REST OF THE MARKETS AND
THAT THAT THE SEMICONDUCTOR
INDUSTRY KIND
OF CELLS INTO BUT IT I THINK
NO. THIS IS A WILL HAVE AN
IMPACT ON
THE HOTLINE YEAH, AND YOU COULD
POTENTIALLY SEE SOME DOWNWARD
REVISIONS KIND OF GOING INTO OR
AT LEAST KIND OF GOING OUT OF
THEIR SEPTEMBER
QUARTER RESULTS. BUT LISTEN
THEY DON'T GO GOING TO GO
THROUGH SOME VERY DIFFICULT
CAPS AS WE KIND OF GO INTO THE
MARKET WATER AND MAYBE SOME OF
THEM AND IT PUSHED INTO THAT
MORE DIFFICULT
CALM WEATHER. AND IT MAY BE
HELP SOFTEN SOME OF THE BLOW
OUT THAT THAT WASN'T IT'S GOING
TO BE A VERY TOUGH COUPLE OF
MONTHS HERE THAT IT WILL HAVE A
THROW IT I THINK I THINK THAT'S
ALL YOU
CAN REALLY HOPE FOR FROM APPLE
IT'S SOMETHING THAT EVERYONE IS
DEALING WITH AND I ANYTHING
APPLE SHOULD BE ABLE TO
KIND OF MAYBE MORE GOODS THAN
OTHERS OUT THERE WAS
POTENTIALLY PUTS THEM IN
POSITION TO TAKE SOME SHARE
MANY CASES.
>> I WAS GOING TO SAY THAT
ANYONE THEY CAN DO IT, YOU KNOW
APPLE CERTAINLY HAS THE MIGHT
AT LEA