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Apple Inc. Message Board

  • davidba1960 davidba1960 Jan 9, 2013 7:15 AM Flag

    Incredible Apple stuck in $515s - $530s, right before earnings

    Not $620s, but $520s right before earnings.

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    • Still think we will see some upward movement into earnings as the data points suggest a strong quarter. And, if they deliver more like 38% or 39% gross margins this period rather than their 36% guide it will help immensely, as it appears analysts are counting on that range this quarter and getting back above 40% for the year. Given where they are on the cost curve for the vast majority of products this quarter, they should have no problem delivering 41% to 43% gross margin for the year, if they can start from 38% to 39% this period, even though their iPhone mix will be its best this quarter most likely as iPad growth leads.

      Sentiment: Strong Buy

100.35-0.06(-0.06%)May 27 4:00 PMEDT