Okay well Jpmorgan issuing a really bullish note
on apple and the bank thinking that Apple's
units for music and gaming can generate more than eight billion in revenue by 2025.
In fact Jpmorgan estimating that the two units will
have a combined 180 million subscribers by then boosted
by the growth of the Internet and gaming.
So Apple music launched in 2015, the second biggest music streamer behind Spotify.
Apple Arcade launched in 2019
shares of Apple on the move today, they are down along with the broader market,
we see a big market selloff across the board, the NASDAQ
down more than 4%. The dow off close to 800 points actually 801 points
down 2.5%. So Apple pretty consistent here with a broader market
but Hannah, it is kind of one of these stalwart companies
that even though we're seeing a broad market pullback investors, big banks,
institutions
do still generally see Apple as a very robust and protected company ahead.
And do you see that continuing for,
for analysts and investors to continue to
see that moving forward with Apple Kristen,
you know the reality is that supply chain
issues are impacting nearly every company out there.
Apple not immune.
Um it's gotta pay up for certain parts and good, sad too,
get into these most important products like its iphone friends did
the ipad, the Apple watch, you name it,
But the company has more than $200 billion Tim Cook
is a supply chain genius for all of the visionary,
perhaps that critics have said that he lacks like Steve
jobs he makes up for it in supply chain,
know how and so I do think that the street
still with that big cushion of cash
and know how of tIM cook pretty bullish on
the stock long term is fantastic context Kristin.