Apple getting ready for ‘product transition’
Apple Chief Financial Officer Peter Oppenheimer’s decision to warn financial analysts Monday that Apple’s fourth-quarter gross margins will be negatively impacted by a “product transition” should be enough to get the rumor wheels turning: of course, it doesn’t take all that much. The remark came within yet another Apple’s earnings report that produced stellar numbers for the previous quarter but an outlook below what Wall Street had been expecting.
Oppenheimer deftly avoided several questions from analysts who tried to get a little more information on just what that “product transition” might involve. He used the exact same phrase last year in July during an earnings call to warn analysts of pretty much the exact same situation: that the transition would cause lower profits for the upcoming quarter. The result? New iMacs in August, and the iPod Touch in September.
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