“Though Apple’s June quarter results were slightly below Wall Street expectations, investors expressed greater concern over the company’s guidance for the current September quarter, but they were also pleased by improving gross margins, chalking up the results as a mixed bag,” Neil Hughes reports for AppleInsider.
“Analysts are largely showing faith in Apple’s product cycles, expecting big things from the company this fall, including new iPhones, iPads, Macs and even a mythical ‘iWatch,'” Hughes reports. “Analyst Gene Munster characterized Apple’s June quarter as ‘uneventful,’ with revenue of $37.4 billion coming in slightly below expectations. He, like many others, was pleased with the company’s gross margins at 39.4 percent, an achievement as the iPhone’s percentage of total sales dropped from 57 percent in March to about 53 percent in the June quarter.”
Hughes reports, “Munster also noted that Apple’s lower-than-expected guidance for the September quarter suggests that the next iPhone could launch a little bit later than expected. He now predicts that the so-called ‘iPhone 6’ could debut on the last Friday of September, the 26th.”
Read more in the full article here.
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