erik woodring things it could be the biggest effort for apple he joins me now.le shares have lagged a bit does that mean it was the sell the news response, or did the market-foot not find anything in the presentation to get greater conviction in the strength of the upgrade cycle? >> thank you for having me, mike i think we are entering a seasonal period of relative performance for apple. it's historically a sell the news event it historically does outperform into the event i wouldn't interpret the market behavior over these last few days as being all that appear normal relative to history, but i think it's representative of the reaction that investors have to what was announced on month, which is still a relatively measured slow and staggered roll-out of what is the key feature this year, which is the apple intelligence platform. >> what would represent a second quarter or upside surprise of initial orders coming through for you? >> sure. the first few days are very noisy. it's a lot of days with pre-orders over the weekend, lead times which, i would remind ever