-- Don't believe results of the current quarter; they will not tell anything about the future of Apple.
-- Competition has intensified. Apple's iPhone is not the only good smartphone on the market and the iPad is not the only good table on the market.
-- He expects the first decline in year-over-year profit growth since 2003. He thinks it will miss the street estimates but will be above its own estimates.
-- He said the average selling price of Apple devices will continue to decline; the iPhone impact will be muted going forward.
-- What we need to watch for is gross margin. The company has guided a four percentage-point decline in gross margin. Analysts expect it to be around 38%, but there is no consensus on the margin going forward.
Credit and source: www.cnbc.com, CNBC
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