Elevated expectations weigh on Apple:

AAPL-US a post-earnings laggard with elevated expectations seemingly biggest overhang. Fiscal Q4 revenue and EPS largely in line. iPhone unit sales of 45.5M ahead of 44.8M consensus. Gross margin of 38% at high end of guidance. ASP lower than some expected. Lot of discussion about how iPhone supply constraints limited upside. In addition, expected to […]