Tom brian, before we talk about that forecast, what do you make of the fiscal first quarter. Some pretty big numbers reported. Some big numbers, but a little lighter than consensus, around 48 million iphone units, 22 million ipad units, a little less than consensus, and a little disappointing to investors, and certainly when you have the forecast that was light on top of it, it makes for a disappointing quarter. Tom i can already hear those apple shareholders saying financial expectations are just impossible for apple to exceed. Theyre so high. What do you say to them . Well, i think investors may have caught up to apples stunning growth, but perhaps the law of large numbers, i think growth is getting increasingly harder to achieve. I think the easy growth has already happened in the iphone in developed markets like the u. S. The next wave of growth will come from emerging markets, from china and lowerpriced phones. So apple may have a harder time getting that sort of growth. Tom i thi
He calls it, they pulled a congress. Waiting for goodow, and a lot of others said sticking their heads somewhere else. Its trough. Jim, thanks for coming on. Well see you on the set in pebble. Thank you for having me here. I appreciate it. Thank you for coming. Join us tomorrow. Squawk on the street is next. Good wednesday morning. Welcome to squawk on the street. Im melissa lee, with carl quintanilla, jim cramer and david faber here at the new york Stock Exchange. Take a look at u. S. Futures. We should note the dow is posting its bst january in 17 years. We are looking to go higher on the dow here. Investors are awaiting the house vote this afternoon on postponing the debt ceiling. News in europe, David Cameron vowing a referendum on whether britain remains in the eu. In japan, longest losing streak in two months. China awaits data, thats out tonight. The road map in the u. S. Starts off at the golden arches. U. S. Samestore sales up 9 for mcdonalds, helped by the dollar menu and mcr
And fpfizer and getting ready fr the twoday meeting and waiting for the president to make a new proposal on tax reduction. And we will wait for the two components merck and pfizer. Are patent problems looming. After posting weak sales in north america and announcing two executives leaving the company. And you heard it here first, two firms buying hmas. And watch the fertilizer stock, because they are down after one of the Potash Companies drops. Slight sli above forecast and the revenues are shy of census, and fpfizer plans to go into three segments. Meanwhile, mercks q2 earnings were above estimates and the merck beats the earnings but profit is cut in the half. That is the repeating echo of the quarter and a lot of the names and in some cases blockbusters losing exclusivity and trying to fill the pipeline with stuff at the other end. That is the story of big pharma, and a pack of development and changing in recent months and years, carl. Of course, replacing off patent with whatever
Hold a conference on capitol hill to talk about energy priorities. She will also take questions from reporters. She outlined her plan at the annual meeting of the National Association of regulatory utility commissioners. Here is a bit of what she had to said. In our report, we declare five principals in addition to energy i am trying to make this release symbol for everybody for the morning fog of monday. Energy is good and then there are five principles. It is in our National Interest to make energy abundant, affordable, colleen, diverse, and secure. I have even put them in alphabetical order for ease of memory. [laughter] no acronyms this morning, alphabetical is good. Lets talk about abundance as a standard of living rises, demand will continue to rise and anyone who has experienced a black out, it is amazing how this blackout last out last night ties into everything i have to say this morning. [laughter] anyone who has experienced a super bowl black out or a gasoline shortage does
Ossiam purchased a new position in shares of Assurant, Inc. (NYSE:AIZ – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 87,628 shares of the financial services provider’s stock, valued at approximately $14,764,000. Ossiam owned approximately 0.17% of Assurant […]