“The change in Apple’s forecasting method — from a single number for the quarter to a range of values, and with no EPS estimate offered anymore — is ‘generally’ something to be ‘concerned’ about, he writes,” Ray reports. “‘That being said, Apple does face an unprecedented challenge of managing a vast sell-side community with outliers that can skew consensus quite a bit, [he wrote].'”
Ray reports, “[Reitzes wrote], ‘While the tone was a bit of a concern given underlying concerns around competition, execution and some major gaps in Apple’s product line, we do believe there were some major positives in the quarter like strong cash flow and a conservative margin outlook that could “grow on” investors now that the damage is done.'”
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