May be a good opportunity to buy Apple shares

[drrjv@vmst.io]

May be a good opportunity to buy Apple shares

iPhone revenues grew 20%-plus in the March quarter

"LOOKING AHEAD, WE BELIEVE #APPLE HAS MEMORY COSTS WELL UNDER CONTROL BASED ON ITS RECENT PRODUCT LAUNCHES, WHERE IT RAISED PRICES MODESTLY ON HIGHER-END PRODUCTS WHILE KEEPING PRICES FLAT ON BUDGET-FRIENDLY DEVICES."

ALL YOU NEED TO KNOW: AAPL will report Mar-qtr EPS this Thursday, April 30, and we expect the company to deliver in-line to slight upside versus consensus revs/EPS estimates of $109.2B/$1.94. Our checks suggest there’s NT upside, driven by solid iPhone demand and resilient Services trends despite softer App Store data.