Apple Update: As expected and as I mentioned yesterday, this 3 months rally may be running out of steam.Apple reported r…
Apple Update: As expected and as I mentioned yesterday, this 3 months rally may be running out of steam.
Apple reported revenue beat the high end of guidance and next-quarter sales look strong too. But gross margin guidance came in below expectations. 😔
The current valuation also sits near the top of its historical 25 to 40 range hence it gives little room for error. I’m watching closely for now.
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