Kuo: Apple’s major product lines enjoy healthy demand in Q4, but AirPods shipments muted

TF Securities analyst Ming-Chi Kuo in a note to investors on Tuesday reported stronger than expected demand for the tech giant’s major device lines, including high-end iPhone 12 Pro and iPhone 12 Pro Max models.

According to a recent survey, demand for Apple’s top-tier iPhone 12 models, the new iPad Air, Apple Watch Series 6 and SE, and M1 MacBook models is better than expected moving into the lucrative holiday season, Kuo said. The analyst references a number of previous predictions regarding future products, including new M1 MacBook Pro variants and “AirPods 3.”

The analyst is tracking positive momentum for Apple’s important iPhone business despite lower than expected demand for iPhone 12 and 12 mini, with increased interest in the high-end iPhone 12 Pro and 12 Pro Max picking up the slack. Those trends should carry forward into the first half of 2021 and toward an anticipated refresh cycle

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Buy Nvidia After Muted Earnings Response: A Look at the Chart

Nvidia  (NVDA) – Get Report was down about 1% on Thursday, despite reporting strong earnings on Wednesday after the close of trading.

After roaring higher in the second and third quarters of 2020, Nvidia has been surprisingly quiet lately. That’s particularly interesting following its third-quarter earnings. 

Revenue grew 57% year over year to $4.73 billion, easily beating expectations of $4.4 billion. Earnings of $2.91 a share grew more than 60% from the same period a year ago and also beat expectations.

Guidance for next quarter was solid too, coming in at plus or minus 2% of $4.8 billion. Consensus estimates were near $4.45 billion.

In the words of Real Money’s Stephen Guilfoyle, “Nvidia is just killing it.”

Given the quiet reaction to the stock, I think it’s worth another look at the charts.

Nvidia is a holding in Jim Cramer’s Action Alerts PLUS member club. Want to

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