bs. That's not how cost accounting works. Inventory build carries more fixed cost into the pool per sensor and lowers the margin on those sold during the period. Then i5 happens in September. JPM should have a sell rating by then.
iPhone 5 looks like a fall launch and they sure didn't speculate that far out. You are probably right about the inventory build. And bottom line mostly stinks due to stock option grants. I guess they deserve a big pat on the back for still being in business and waking up each morning.
Very revenue, and yes EPS... That was low
But Cash in the bank, looking forward how they did I that
Two guesses, Selling Old inventory and Trading cash
The Guidance is Great:)
Say what you want, but they project sales being alot higher than estimates the MJJ qtr. Although their EPS is under what analyst are projecting. I think they are building inventory in advance for the intro of the I-Phone 5. We will see this up tomorrow. Let the shorts crow, they will die off quick.