Apple Inc. is seeing “stable to improving” trends in its iPhone and services businesses that could help make up for less rosy performance elsewhere, according to a BofA Securities analyst.
“Although Macs and iPads have trended worse, the highest margin parts of the portfolio will likely keep gross margins stable,” Mohan wrote. Jefferies analyst Kyle McNealy, meanwhile, noted that while unit-sales trends don’t seem particularly spectacular, the company’s results could still get a lift from average selling prices.
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