Philip Elmer-DeWitt / Apple 3.0 – Philip Elmer-DeWitt
Jefferies takes deep dive, finds treasure in Apple’s Services margins – Even as he slashes his price target, analyst Tim OShea sees Apple building a massive, high margin, high multiple Services business. From a note to clients that landed in my desktop Wednesday: We head into 19 focused on Services as Apple is on the cusp of disclosing its gross margin …
