Apple’s iPhone 7 Plus Constraints: Bad for Near-Term Margins, Good for our Long-Term Valuation
Apple’s solid fiscal fourth quarter results and the firm’s forecast for the all-important December quarter were relatively in line with our expectations and continue to point toward healthy, resilient demand for the iPhone. The biggest near-term issue revolves around supply constraints for the higher-priced iPhone 7 Plus, which will weigh on gross margins and likely contributed to Apple's stock falling 3% after hours. While Apple’s revenue forecast doesn’t indicate tremendous iPhone unit or reve...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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