“Apple would have generated $80.8 billion in revenue, up 8% year over year, except for the strength of the U.S. dollar in the December quarter,” Chuck Jones writes for Seeking Alpha.

“When you reflect on this with a loyal and growing install base of iPhones and other Apple products, combined with unannounced products and services,” Jones writes, “the company and its stock are very well positioned for investors.”

“While it will probably tread water with a trading range of the low $90s, where it has support, to around $110, where there is resistance,” Jones writes, “once the dollar’s impact neutralizes in the June quarter, the underlying strength of Apple’s business will become apparent. I believe this is one reason Tim Cook, Apple’s CEO, said that the March quarter would be the toughest compare for the year.”

Read more in the full article here.

MacDailyNews Take: The analysts were already lost after Chuck’s first sentence.

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