Philip Elmer-DeWitt / Apple 3.0 – Philip Elmer-DeWitt
Ahead of Q4 earnings, J.P.Morgan recommends buying Apple call spreads – From a note to clients by analyst Samik Chatterjee that landed on my desktop Monday. We dont believe fundamentals are immune to the macro backdrop, but we see the combination of a resilient iPhone product cycle in relation to revenues rather than volumes, as well as margins, to deliver results …
