Quick post here on Apple for the daily summary. The results for the most recent quarter are in and they were under market expectations across the board: on the top line, on margins, on profit, and on handset sales. In my view, this most recent report for Apple was abysmal.
Apple is in a market share/margin quandary that was inevitable, Steve Jobs or not. As I wrote two weeks ago:
On Apple specifically, my call has been that Apple will eventually face a point where it will be forced to go for share or maintain margins. When it decided to maintain margins in the PC business two decades ago, it was disastrous. But, now Apple has a market leader status in mobile, so maintaining margins rather than share won’t be fatal. It will, however, negatively impact growth.
Mobile users wit...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.