An analysis of Apple’s financials by JP Morgan suggests that Apple is heading into its earnings report with iPhone supply and demand imbalances largely settled, leaving margins and cost pressure as the issues that will decide the rest.iPhone 17In an earnings preview seen by AppleInsider, JPMorgan says investors already have a clear read on iPhone performance in the current cycle. Focus is now turning to profitability as rising component costs begin to weigh more heavily on results.JPMorgan expects revenue of about $112.7 billion for the March quarter, ahead of consensus, with iPhone 17 sales driving most of the upside. Mac sales are also expected to contribute, supported by recent product updates and steady upgrade demand. Continue Reading on AppleInsider | Discuss on our Forums
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