Apple Earnings Miss Expectations on iPhone; Overall Performance Still Leads Industry

Apple reported Q4FY11 EPS of $7.07, below Wall Street consensus of $7.27.  In all business segments, Apple achieved growth rates in excess of the overall industry; and in all business segments, except the iPhone, Apple set company sales records.  Apple also reported strong gross margin at 40.3% above Wall Street consensus.  Apple continues to build a cash war chest, now up to $81.6B, or $104 per …

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