Video: Apple Margin Concerns Fade, Focus Shifts To IPhone Launch
By Clip Syndicate
A rise in margins has raised hopes that Apple Inc may be able to hold the line on pricing ahead of the launch of new iPhones later this year. Apple's shares were set to open slightly higher at $95.33. At least six brokerages raised their price targets on the stock by as much as $12 to a high of $123. Apple's gross margin rose to 39.4 percent in the third quarter from 36.9 percent a year earlier, and the company forecast margins of 37-38 percent for the current quarter.