Dan Gallagher
speaker
617 appearances
15 recordings
1 series
first heard Sep 2017
last heard Nov 2019
Dan Gallagher’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
You know, the old iTunes business is still a part of that.
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The App Store is a big part of that.
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You know, when you buy an app or use an app for free and subscribe to some service or, you know, have a gaming app on your phone and buy things to that game, all that funnels through it.
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And one underappreciated segment is the iCloud storage business that now when people have iPhones, often they're prompted to pay, you know, a dollar a month or so for extra iCloud storage because we have so many things on our phones now.
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That particular little slice is a very high margin business for Apple.
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Yeah.
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And it's and again, it's like it's maybe not as big a huge revenue line at, you know, 99 cents a month.
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But, you know, the margins on that are very large because Apple's running these very large data centers very efficiently.
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And their incremental cost to providing you a few extra gigs of storage for that stuff is very, very, very small.
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So when you add that up over their very large user base, that turns into a very high-margin business for them.
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The mood on Wall Street was pretty sour on Apple over the last couple weeks because we've had a lot of companies that supply components to the iPhone, you know, report kind of either disappointing results or have dim outlooks because...
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A lot of them are tied to unit sales, and as we see, unit sales aren't growing that much.
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But because overall the company's getting more money per iPhone, selling more services revenue, that's helping the overall business grow at a rate that was a little better than what Wall Street had been looking for.
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Yeah, I mean, they certainly have a lot of cash and people knew that.
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And because of last year's tax reform package, they're able to push a lot more of that back to investors.
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So, again, I think a lot of that was expected to happen.
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You know, this is going to, you know, help them control their, you know, control the shares outstanding, returns a lot of cash to shareholders.
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And so that's, again, an attractive point for shareholders.
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There's never been any worry that Apple doesn't have enough cash to run the business.
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They generate a ton of cash every quarter.
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Showing 421–440 of 617 · page 22 of 31
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