Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Apple (NASDAQ:AAPL): Digesting the Apple

|Includes: Apple Inc. (AAPL)
 

Apple 4Q FY10 results ($20.34B/$4.64) were well ahead of Street consensus estimates ($18.86B / $4.06) prior to the call.Upside in the quarter was driven by robust iPhone sales and by AAPL’s accelerating momentum overseas and at Apple Stores.  Supply constraints impacted both iPad and iPhone sales with supply short of demand for most of 4QFY10, according to Management.Gross Margins declined 220 bp Q/Q mainly as a result of higher contribution from iPhone 4 and iPad, despite easier component pricing and higher volume

For more information visit
http://www.worldmarketmedia.com/779/section.aspx/2572/post/apple-nasdaqaapl-digesting-the-apple



Disclosure: No positions