Apple S Cut Price Mac Plan Marks Marketshare Explosion Analyst
Analyst Charles Wolf notes Apple easily beat third quarter consensus estimates, reporting earnings per share of $1.19 on revenues of $7.46 billion, observing, “But the stock was crushed after the release by gross margin guidance that was materially lower than the historic numbers both for the fourth quarter and fiscal 2009. Our take is that Apple wants to continue the Mac’s momentum and will use pricing to do so.” The purported plan follows a stupendously strong Mac sales quarter, Apple reached 2....