I think Apple’s $Apple(AAPL.US) results show that demand for the iPhone remains resilient, especially with record revenu…
I think Apple’s $Apple(AAPL.US) results show that demand for the iPhone remains resilient, especially with record revenue of US$114.5 billion. However, I am more concerned about rising memory costs and their impact on gross margins. Strong sales alone may not be enough to sustain the share price if profitability starts to come under pressure. The slower growth in services is another area worth monitoring.
I remain positive on Apple’s long-term business fundamentals, but I would not rush to buy the dip just because the share price has pulled back. I prefer to wait for the market to digest the earnings and see how management handles rising component costs. For now, patience is more important than chasing a bargain. I would rather accumulate gradually when the risk-reward becomes more attractive.
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