What's Apple's new product reveal means for the stock

What's Apple's new product reveal means for the stock

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00:00
is there anything here that you see as a major stock mover for apple yes so i'm of the belief that unfortunately the pandemic is a multi-year event and we'll be working and learning remotely at least part of the year for years to come so from that vantage point having a new tablet so an ipad pro 5g faster speed apple's chips and a new desktop computer with apple's chips i think those are stock movers of the announcements today by the company
00:31
why is a is a tablet a critical part of the work from home or the work remote environment i get having a laptop or a desktop in that in that scenario but but a tablet escapes me a little bit explain so think of the tablet especially as well suited for the learning remotely uh many schools i think apple has an agreement with new york public schools for the sale of tablets and large quantities for students so think of it as the
01:03
learning remotely amazingly well suited for that device and also well suited for zoom calls or anything else you may do from a work vantage point as well you don't always need a desktop or laptop to communicate with your colleagues the tablet's often more than suitable tim let me turn to you and get your quick reactions to what apple has announced today specifically focus on this m1 chip and what it means for speed to the devices and and do we really need
01:33
more speed yeah well it's the expansion of that m1 the more devices we were expecting it and the early reaction uh to those chips in the past few months in in the mac laptops has been really spectacular people really like it so it's adding new features to the ipad pro which is important because as we've noted here last year where we went gangbuster for this device you got to keep some kind of excitement to keep some of that momentum going into into the second half of this fiscal year which analysts on wall street generally
02:06
kind of agree that there will probably be a slowdown compared to just like the record uh the best year in six years it was last year you know i i i get it i assume for many people it really does matter what chip their device is running on i bought a big mac computer for my home uh last december beautiful i love it i couldn't tell you in a million years what chip it's running and uh whether it's x percent faster than the than the prior generation of chips tim yeah i think for the the regular ipad i
02:37
think you're correct about that the usual the user probably doesn't care but for the ipad the ipad pro the high-end version these are the early adopters these are the people who don't mind spending more money they want the latest and the greatest thing and there will be a lot of excitement that this is going to be in that device this spring all right steve kovac your thoughts yeah based on what tim was saying too you got to think about it the ipad is more like a mac now than anything else they literally put the same chips they're using in their mac computers
03:07
into the ipad so if you want a mac but with a touch screen you go ipad if you want to just a regular mac laptop that classic form factor you go with the macbook or one of those new mac desktops and that's really what they're telling us here thematically is the lines and of distinction between these kind of products are blurring even more you can use a mouse with your ipad you can use that keyboard cover with your ipad that makes it into a sort of macbook so that that's really interesting that they're saying if you're going to spend a thousand dollars you want a touch screen you go for the ipad pro
03:39
if you don't care about that you want a more traditional form factor you go with one of the new macs tom i want to turn back to the stock and also to the podcasting announcements they've made spotify shares went to session lows after this um but they would seem to be up against some stiff competition what are the details of the announcement that you think matter for investors and how important is it for apple to do well in this business well okay so if you think about apple's story not that long ago it really was about services and the non-hardware elements of the portfolio
04:09
that enabled them to have you know creative sales and margins and an accredited multiple so podcasting has become an important format for advertising an important way for consumers to engage so i think apple's efforts in podcasting advance the effort there as well as the 4k apple tv on the video front you know as ott becomes even more important shepard smith here thanks for watching cnbc on youtube

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