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.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Next bull market signal: BofA says exactly when traders should buy stocksHere's exactly when investors should buy stocks to ride the next bull market, according to Bank of America 'Just time the market, everyone! You gotta all do it simultaneously!'
Source: BusinessInsider - 🏆 729. / 51 Read more »