Jim Cramer Says 'There Are Hundreds Of Articles' About Apple Losing Top Spot In China: 'Google And Microsoft Can Barely Buy An Inch Of Ink After Some Spectacular Quarters'
Portfolio Pulse from Benzinga Neuro
Jim Cramer criticized the media for focusing too much on Apple's challenges, such as antitrust issues and declining iPhone sales in China, while underreporting Alphabet's and Microsoft's strong quarterly earnings. Alphabet and Microsoft exceeded expectations, while Apple's iPhone sales in China fell by 19.1%, marking its worst performance since 2020. This comes as Wall Street looks forward to Apple's Q2 earnings, with a positive outlook despite recent struggles.
April 26, 2024 | 11:42 am
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NEGATIVE IMPACT
Apple's recent struggles, including a significant drop in iPhone sales in China and antitrust issues, contrast with a positive outlook for its upcoming Q2 earnings.
The significant drop in iPhone sales in China and antitrust challenges are likely to negatively impact investor sentiment in the short term, despite a positive outlook from analysts for the upcoming earnings report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Alphabet's Google reported impressive earnings, surpassing analyst expectations, yet received minimal media coverage.
Alphabet's strong earnings report, exceeding analyst expectations, is likely to positively influence investor sentiment and stock price in the short term, despite the lack of media coverage.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Microsoft also exceeded earnings expectations with little media attention, overshadowed by coverage of Apple's issues.
Microsoft's consistent performance in beating earnings expectations is likely to continue bolstering investor confidence and positively impact its stock price, despite limited media coverage.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80