Apple margin outlook skewed by deferred revenue, says Cantor

Cantor reports that there was some concern about Apple's margin outlook last night, but the firm states that the company's margin guidance was "skewed" by an increase in its deferred revenue. Excluding the impact from this increase, the company's margin guidance actually exceeded Cantor's outlook, the firm reported. Cantor continues to believe that the stock can exceed its $777 target, and it keeps a Buy rating on the shares.

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