Apple: Pacific Crest Cuts Target On Higher iPhone 5 Costs – Forbes

MarketWatch Apple: Pacific Crest Cuts Target On Higher iPhone 5 CostsForbesHargreaves lifted his estimate on December quarter cost of goods sold for the iPhone 5 to $370, from $353, which brings the gross margin for the phone down to 38.8%, form 40%. That in turn trims his EPS forecast for the quarter to $14.76, from […]

iPhone 5 and car sales drove retail spending higher in September – San Jose Mercury News

Wall Street Journal iPhone 5 and car sales drove retail spending higher in SeptemberSan Jose Mercury NewsWASHINGTON — Americans spent more money at retailers in September — a buying surge that reflected growing consumer confidence and the launch of the latest iPhone. Retail sales jumped 1.1 percent last month, producing the best two months of […]