OMG Apple missed!!! It will be a blood bath on Wed.
Overall, the company's gross profit margin fell nearly 10 percentage points over the year to 37.5%. That was at the bottom of the company's own prediction range, and it came in well below a consensus estimate of analysts polled by Thomson Reuters.
In addition to the margin concerns, supply chain issues have plagued the latest batch of iPhones and iPads. Apple still managed to sell 37.4 million iPhones last quarter, compared with 35.1 million in the same quarter last year.