Tuesday, March 14, 2017

Apple Upside Momentum

After speaking to the company, we have a tough time holding our estimates down on Apple. Indeed, we're now expecting earnings that will be better than Street numbers this year. Last quarter's earnings showed a better upside surprise than previous quarters. There are three main drivers we see:
  1. Much easier comparisons
  2. Sold out of iPhone 7
  3. High margin services becoming important





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