Macro Trader

US job growth moderated in October by more than expected and the unemployment rate rose to an almost two-year high, marking

a step down from the heated hiring pace

this summer.

Here’s the guidance: • December quarter revenue to be about the same as last year. • iPhone revenue to grow year-over-year. • iPad and wearables to drop significantly due to weaker Watch and AirPods updates. • Mac sales to accelerate.

Key. • Revenue declined for a fourth quarter to $89.5 billion • The company’s iPhone revenue topped estimates at $43.8 billion • Services sales gained 16% to $22.3 billion • Apple’s business in China fell short of estimates

Apple Inc. sales declined for a fourth straight quarter, marking the longest slowdown since 2001, as the company struggles with sluggish demand and a shaky smartphone market in China. 

Another HUGE miss on Mac, coming in at about $1 billion below expectations. It’s no wonder Apple pulled every lever it could to get the M3 MacBook Pro and iMac out the door during the holiday quarter.

MASSIVE miss in China on Apple, coming in at about $2 billion less than Wall Street had expected.

Apple 4Q Rev. $89.50B, Est. $89.35B Apple 4Q iPhone Revenue $43.81B, Est. $43.73B Apple 4Q Greater China Rev. $15.08B, Est. $17.01B

US equity futures pointed to an extension of Wednesday’s gains on Wall Street as Asian stocks headed for their biggest gain in almost four months.

The happy warrior

Fed Chair Powell sounded quite pleased with the effort to bring down inflation, where he saw “pretty significant progress.” Inflation expectations “are in a good place,” which is “critical to winning the battle.” Wage inflation has “come down significantly,” and he added: “I feel good about that”. While hikes remain on the table, the message is gradually changing as risks are becoming “more two-sided”. In any event, we continue to see the Fed on hold at the next meeting and on through the first half of next year. - J.P.Morgan

Powell Hints Fed Is Done With Hikes in Pivot Cheered by Markets.

뒷문 열고 골프 치는 느낌이군. ⛳️

BOJ Keeps 1% Ceiling for Longer Yields.

The key takeaways from Samsung’s third-quarter earnings and briefing for analysts.

One major takeaway from today’s call: if you’re building your own PC, now’s the time to buy the memory and storage for it.

Prices are unlikely to decline again for a while.

개인용 컴퓨터를 구입하고 싶다면, 지금이 좋은 시기로 보임. 동사의 투자자 설명은 주요 제품 가격이 당분간 다시 하락하기 어려울 것이란 인상을 줌.

Samsung is pushing HBM3/3E and

planning to expand capacity of HBM by

2.5 times

next year.

Samsung’s suggesting that

demand for

its advanced products is the

most reliable and inelastic

-- which would align with what Debby said about governments around the world all chasing those cutting-edge parts. 동사는 최첨단의 진보 된 기술에 공급되는 제품만 신뢰할 수 있고 가격 비탄력적으로 여기며 이곳에 집중할 것이라 이해할 수 있겠음.