Diamonds and Dogs
1/31/25
Apple (AAPL) rises 2% as investors breath a sign of relief following earnings, beating expectations even as iphone sales slowed in China. Weakness in iphone sales was overcome by stronger demand from Mac and iPads. The big winner in the quarter was from the service department with growth of 14% and profit margins of 75%. Management is optimistic about demand picking up for iphones later in the year thanks to Apple Intelligence, AI app they continue to roll out.
Deckers Outdoors (DECK) taking a hit following earnings. The maker of UGGs and Hoka is down 14% even as earnings easily beat expectations as sales rose 17% to $18.3 billion. UGG demand remains strong, but investors seemed concerned about demand for Hoka products. The company is launching a new Hoka Bondi 9 this spring.
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