Typical for a “sell the news event,” Apple (AAPL) shares fell by 1.48% on Tuesday after announcing a new iPhone 17 line. Analysts say that the Air design might resonate toward higher revenue growth. That bullish view is not without risks.
Apple unveiled a thin iPhone that is 0.22 inches in thickness. This is thinner than Samsung’s (SSNLF) S25 Edge. The device has a bulge to house the camera sensors. This, however, will have one less camera sensor. In addition, the tradeoff of a thin form factor is a constrained battery. Consumers might have wanted a longer battery life over a thin phone.
Apple is betting that consumers will pick an iPhone 17, Pro, or Pro Max if they want more features and a bigger battery.
After markets closed on Tuesday, Oracle (ORCL) shares soared by around 28%. The firm missed earnings and revenue expectations, yet traders liked the strong cloud services revenue.
In the first quarter, Oracle reported revenue of $14.93 billion (+12.3% Y/Y). Non-GAAP EPS was $1.47.
Traders are bullish that Oracle’s strong rise in remaining performance obligations (“RPO”) will sustain Y/Y sales growth. Its RPO contract backlog increased by 359% to $455 billion.
The cloud service segment is a bright spot in Q1. Revenue increased by 27.8% to $7.186 billion.
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