“You wouldn’t know it from Apple’s share price — which at one point Friday morning was down another $20, having closed Thursday off nearly $10 — but there’s nothing wrong with the company that some well-crafted Wall Street reform couldn’t cure,” Philip Elmer-DeWitt reports for Fortune.
“On Thursday Barclays Capital’s Ben Reitzes weighed in with a glowing report based on a recent meeting in California with three of Apple’s top brass,” Elmer-DeWitt reports. “‘In short,’ he concludes, ‘Apple seems to be clicking on all cylinders.'”
MacDailyNews Take: Minus engineers in beer gardens, of course. (And, yes, we changed his “clicking” to the more appropriate “firing” in our headline.)
lmer-DeWitt reports, “Reitzes left the meeting with a notebook full of details about the company’s operations, some of them fresh.”
Among his findings:
• More new products to come. [And not just a new iPhone, either.]
• iPad demand outweighing supply
• Cheaper iPhones
• Squeezed by the Euro [Fall of the Euro against the dollar could hurt Apple’s gross margins, but, says Reitzes, “The impact of the Euro may only be worse than forecast by a little given Apple hedges its currency exposure 3-6 months out.”]
Full article here.
[Thanks to MacDailyNews Reader “Dale” for the heads up.]