Apple (AAPL) Sees Q4 Margin of 38.5%, Below Views

July 24, 2012 5:28 PM EDT
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On its call, Apple (Nasdaq: AAPL) said fourth quarter gross margins will be 38.5 percent, which is below the consensus of 43 percent and 42.8 million in the third quarter. The company cited the strong dollar for the margin drop.

Apple also said the weak economy is not having an obvious impact on results.

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