Apple again seen losing steam, new products needed desperately

[AWS]

Apple managed to earn $9.5 billion in profit on $43.6 billion in sales last quarter without launching any exciting new devices, but the long wait for new launches is expected to begin taking its toll this quarter. Oppenheimer analyst Ittai Kidron cut his fiscal third-quarter sales estimates in a note to clients on Tuesday. While iPhone 4 and iPhone 4S sales are "stable," according to the analyst, checks are apparently showing that iPhone 5 sell-through has been "mixed." As a result, Kidron cut his June-quarter EPS estimate to $7.23 on $35 billion in revenue. In the fiscal fourth quarter, he sees Apple earning $8.84 per share on $38.9 billion in sales.

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Via BRG - Boy Genius Report