It was a mixed earnings report for Apple . Earnings for the last quarter were good, but the projections for this quarter were ugly with Apple forecasting $33.5 billion to $35.5 billion in revenues, compared to a consensus view of $38.6 billion. Bears are also likely to seize on projected lower gross margins. Apple projects gross margins of 36% -37% for the next quarter vs. expectations for 38.5%.
It was a mixed earnings report for Apple . Earnings for the last quarter were good, but the projections for this quarter were ugly with Apple forecasting $33.5 billion to $35.5 billion in revenues, compared to a consensus view of $38.6 billion. Bears are also likely to seize on projected lower gross margins. Apple projects gross margins of 36% -37% for the next quarter vs. expectations for 38.5%.
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