Apple outlook well below Wall St view
Highlight:
-Apple shipped nearly 2.5 million Macs in its Q3 (up 41 percent from a year ago), sold more than 11 million iPods (up 12 percent from a year ago), sold 717,000 iPhone.
-Q3 gross margin of 34.8%
Share down 10% after earning released.
Outlook:
Apple forecast September-quarter earnings of $1.00 per share, below the Wall Street target range of $1.13 to $1.41 per share.
Badly lagging the average of $1.25. Apple's revenue target of $7.8 billion trails Wall Street's $8.3 billion view for its fiscal fourth quarter, according to Reuters Estimates.
Apple forecast a Q4 gross margin of 31.5 percent, and about 30 percent for 2009.
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